Analysts forecast that Wabash National Co. (NYSE:WNC) will post earnings of $0.53 per share for the current quarter, Zacks reports. Three analysts have made estimates for Wabash National’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.51. Wabash National reported earnings per share of $0.34 during the same quarter last year, which suggests a positive year over year growth rate of 55.9%. The business is scheduled to report its next earnings report on Tuesday, October 30th.
On average, analysts expect that Wabash National will report full year earnings of $1.96 per share for the current year, with EPS estimates ranging from $1.94 to $1.99. For the next fiscal year, analysts anticipate that the business will report earnings of $2.09 per share, with EPS estimates ranging from $1.90 to $2.17. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Wabash National.
Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.08). Wabash National had a net margin of 5.86% and a return on equity of 17.85%. The company had revenue of $612.69 million during the quarter, compared to analyst estimates of $611.30 million.
WNC has been the subject of a number of analyst reports. ValuEngine downgraded Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. BMO Capital Markets restated a “hold” rating and issued a $25.00 price objective on shares of Wabash National in a research report on Thursday, July 19th. Zacks Investment Research cut Wabash National from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Piper Jaffray Companies set a $22.00 price objective on Wabash National and gave the company a “hold” rating in a research report on Wednesday, August 1st. Finally, Stifel Nicolaus cut their price objective on Wabash National from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.83.
NYSE:WNC traded down $0.17 during trading hours on Tuesday, reaching $18.80. The company had a trading volume of 292,407 shares, compared to its average volume of 606,716. Wabash National has a 1-year low of $17.47 and a 1-year high of $26.54. The company has a market capitalization of $1.07 billion, a PE ratio of 13.63, a PEG ratio of 0.34 and a beta of 1.82. The company has a current ratio of 1.96, a quick ratio of 1.20 and a debt-to-equity ratio of 1.01.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Stockholders of record on Thursday, October 4th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, October 3rd. Wabash National’s dividend payout ratio (DPR) is presently 21.74%.
Several institutional investors have recently bought and sold shares of WNC. Global X Management Co. LLC increased its position in shares of Wabash National by 185.5% in the first quarter. Global X Management Co. LLC now owns 12,624 shares of the company’s stock valued at $263,000 after buying an additional 8,203 shares in the last quarter. FDx Advisors Inc. increased its position in shares of Wabash National by 20.8% in the first quarter. FDx Advisors Inc. now owns 30,509 shares of the company’s stock valued at $635,000 after buying an additional 5,249 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Wabash National by 0.4% in the first quarter. Prudential Financial Inc. now owns 874,549 shares of the company’s stock valued at $18,200,000 after buying an additional 3,580 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Wabash National in the first quarter valued at approximately $255,000. Finally, Eaton Vance Management increased its position in shares of Wabash National by 7.4% in the first quarter. Eaton Vance Management now owns 72,781 shares of the company’s stock valued at $1,515,000 after buying an additional 5,000 shares in the last quarter.
About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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