The Zacks Transportation – Equipment and Leasing industry is currently seeing a positive trend, with companies like Wabtec Corporation (WAB), The Greenbrier Companies, Inc. (GBX), and Ryder System, Inc. (R) poised for growth despite facing challenges such as inflation and supply-chain disruptions. In the past year, the industry has outperformed the S&P 500, gaining 27.3%, compared to the S&P’s 21.5% increase.
Wabtec announced a 17.6% increase in its quarterly dividend to 20 cents per share and authorized a $1 billion share buyback; Ryder raised its dividend by 14.1% to 81 cents per share, marking its 192nd consecutive quarterly payout. These shareholder-friendly initiatives reflect strong financial positions amid economic uncertainties.
Overall, the industry holds a Zacks Industry Rank of #101, placing it in the top 40% of over 250 industries. Analysts have raised the industry’s consensus earnings estimate by 10.3% over the past year, indicating a potential rebound as operating conditions stabilize.
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