FY2024 EPS Estimates for Wabash National Lowered by Analyst

Wabash National Co. (NYSE:WNC) – Equities researchers at DA Davidson lowered their FY2024 earnings per share (EPS) estimates for Wabash National in a research report issued on Monday, October 28th. DA Davidson analyst M. Shlisky now anticipates that the company will post earnings per share of $1.29 for the year, down from their prior forecast of $1.53. DA Davidson currently has a “Neutral” rating and a $18.00 target price on the stock. The consensus estimate for Wabash National’s current full-year earnings is $1.25 per share. DA Davidson also issued estimates for Wabash National’s Q4 2024 earnings at $0.02 EPS.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $477.35 million. Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The company’s quarterly revenue was down 26.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 EPS.

Wabash National Trading Down 3.1 %

Wabash National stock opened at $17.92 on Tuesday. The stock has a market cap of $776.65 million, a PE ratio of -3.30 and a beta of 1.52. The stock has a 50-day moving average price of $18.75 and a 200 day moving average price of $20.87. Wabash National has a 52 week low of $15.94 and a 52 week high of $30.07. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, October 10th. Wabash National’s dividend payout ratio is presently -5.89%.

Institutional Trading of Wabash National

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its holdings in Wabash National by 66.9% in the 1st quarter. Wasatch Advisors LP now owns 1,380,766 shares of the company’s stock valued at $41,340,000 after buying an additional 553,500 shares during the period. Victory Capital Management Inc. grew its holdings in Wabash National by 40.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock valued at $22,175,000 after buying an additional 290,287 shares during the period. Millennium Management LLC grew its holdings in Wabash National by 1,311.6% in the 2nd quarter. Millennium Management LLC now owns 279,900 shares of the company’s stock valued at $6,113,000 after buying an additional 260,072 shares during the period. American Century Companies Inc. grew its holdings in Wabash National by 19.7% in the 2nd quarter. American Century Companies Inc. now owns 1,095,915 shares of the company’s stock valued at $23,935,000 after buying an additional 180,080 shares during the period. Finally, CX Institutional purchased a new stake in Wabash National in the 3rd quarter valued at about $2,322,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.