Wabtec (WAB) to Issue Quarterly Dividend of $0.31 on June 3rd

Wabtec (NYSE:WAB) declared a quarterly dividend on Tuesday, May 12th. Shareholders of record on Friday, May 22nd will be given a dividend of 0.31 per share by the transportation company on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, May 22nd.

Wabtec has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Wabtec has a payout ratio of 12.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wabtec to earn $12.19 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 10.2%.

Wabtec Price Performance

WAB opened at $264.86 on Thursday. The stock has a fifty day simple moving average of $255.60 and a two-hundred day simple moving average of $234.72. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. The company has a market cap of $44.94 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 1.92 and a beta of 0.97. Wabtec has a 12-month low of $184.26 and a 12-month high of $275.84.

Wabtec (NYSE:WAB) last issued its quarterly earnings results on Wednesday, April 22nd. The transportation company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.09. Wabtec had a return on equity of 14.52% and a net margin of 10.52%.The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the company earned $2.28 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Wabtec has set its FY 2026 guidance at 10.250-10.650 EPS. Research analysts predict that Wabtec will post 10.61 earnings per share for the current fiscal year.

Wabtec Company Profile

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec’s business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.