Wabtec (NYSE:WAB) Announces Earnings Results

Key Points

• Wabtec reported earnings of $2.27 per share, exceeding analysts' estimates of $2.18 by $0.09, while its revenue for the quarter totaled $2.71 billion, slightly below expected $2.76 billion.
• The company has updated its fiscal year 2025 earnings guidance to a range of $8.550 to $9.150 per share.
• Wabtec declared a quarterly dividend of $0.25, reflecting an annualized dividend yield of 0.51%, with an ex-dividend date set for August 14th.

Wabtec (NYSE:WAB - Get Free Report) announced its earnings results on Thursday. The transportation company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.09, Zacks reports. The company had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 EPS. Wabtec updated its FY 2025 guidance to 8.550-9.150 EPS.

Wabtec Stock Down 1.2%

Wabtec stock traded down $2.36 during mid-day trading on Wednesday, reaching $190.42. 2,763,023 shares of the company's stock were exchanged, compared to its average volume of 1,071,619. The company has a market cap of $32.55 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.57 and a beta of 1.12. Wabtec has a twelve month low of $147.66 and a twelve month high of $216.10. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $205.72 and a 200-day moving average of $194.32.

Wabtec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. Wabtec's dividend payout ratio (DPR) is presently 14.93%.

Analysts Set New Price Targets

WAB has been the topic of several recent research reports. KeyCorp restated an "overweight" rating and set a $240.00 target price (up from $220.00) on shares of Wabtec in a report on Tuesday, June 24th. Susquehanna upped their price target on Wabtec from $210.00 to $235.00 and gave the company a "positive" rating in a research note on Friday, July 25th. Wall Street Zen raised Wabtec from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. JPMorgan Chase & Co. upped their target price on shares of Wabtec from $175.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $201.00 target price (up previously from $175.00) on shares of Wabtec in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Wabtec has a consensus rating of "Moderate Buy" and an average target price of $221.71.

Insider Activity at Wabtec

In other news, VP David L. Deninno sold 3,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $201.05, for a total value of $603,150.00. Following the sale, the vice president directly owned 60,450 shares in the company, valued at approximately $12,153,472.50. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rafael Santana sold 886 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $213.35, for a total value of $189,028.10. Following the completion of the sale, the chief executive officer owned 141,186 shares in the company, valued at approximately $30,122,033.10. The trade was a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,474 shares of company stock worth $19,283,505 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

About Wabtec

Westinghouse Air Brake Technologies Corporation, together with its subsidiaries, provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric, battery, and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.