Zacks: Brokerages Expect Wabash National Co. (WNC) Will Post Earnings of $0.53 Per Share

Share on StockTwits

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.

Featured Article: Diversification Important in Investing

Get a free copy of the Zacks research report on Wabash National (WNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wabash National (NYSE:WNC)

Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply