Wabtec (NYSE:WAB) Updates FY 2025 Earnings Guidance

Wabtec (NYSE:WAB - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 8.550-9.150 for the period, compared to the consensus estimate of 8.717. The company issued revenue guidance of $10.9 billion-$11.2 billion, compared to the consensus revenue estimate of $10.9 billion.

Wabtec Price Performance

WAB stock traded down $3.47 during mid-day trading on Friday, hitting $197.23. The company had a trading volume of 1,993,901 shares, compared to its average volume of 945,009. The company has a market capitalization of $33.75 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.43 and a beta of 1.12. Wabtec has a 12-month low of $147.66 and a 12-month high of $216.10. The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $206.16 and a 200 day moving average price of $194.24.

Wabtec (NYSE:WAB - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The transportation company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.18 by $0.09. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.76 billion. Wabtec had a net margin of 10.92% and a return on equity of 13.65%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 EPS. On average, research analysts anticipate that Wabtec will post 8.54 earnings per share for the current year.

Wabtec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid 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 dividend yield of 0.51%. Wabtec's dividend payout ratio is presently 15.67%.

Analyst Ratings Changes

Several equities research analysts have weighed in on WAB shares. KeyCorp restated an "overweight" rating and issued a $240.00 target price (up from $220.00) on shares of Wabtec in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of Wabtec from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. The Goldman Sachs Group restated a "neutral" rating and issued a $201.00 target price (up from $175.00) on shares of Wabtec in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Wabtec from $175.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. Finally, Susquehanna raised their target price on shares of Wabtec from $210.00 to $235.00 and gave the company a "positive" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $221.00.

Insider Transactions at Wabtec

In other news, EVP Lilian Leroux sold 7,500 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $192.19, for a total value of $1,441,425.00. Following the sale, the executive vice president directly owned 13,755 shares in the company, valued at approximately $2,643,573.45. This trade represents a 35.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Eric Gebhardt sold 6,151 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $202.39, for a total transaction of $1,244,900.89. Following the completion of the sale, the chief technology officer owned 18,697 shares in the company, valued at $3,784,085.83. The trade was a 24.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,474 shares of company stock worth $19,283,505. 1.10% of the stock is owned by company 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.