DA Davidson Lowers Earnings Estimates for Wabash National

Wabash National Co. (NYSE:WNC) – Equities research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Wabash National in a note issued to investors on Monday, October 28th. DA Davidson analyst M. Shlisky now forecasts that the company will post earnings per share of $1.24 for the year, down from their previous forecast of $1.75. DA Davidson has a “Neutral” rating and a $18.00 price target on the stock. The consensus estimate for Wabash National’s current full-year earnings is $1.25 per share.

Wabash National Stock Down 2.2 %

NYSE:WNC opened at $17.44 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The stock has a 50 day moving average of $18.71 and a 200-day moving average of $20.79. The firm has a market capitalization of $755.80 million, a PE ratio of -3.21 and a beta of 1.52. Wabash National has a 52 week low of $15.94 and a 52 week high of $30.07.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The business had revenue of $464.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $1.16 earnings per share.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a yield of 1.83%. Wabash National’s payout ratio is currently -5.89%.

Institutional Investors Weigh In On Wabash National

A number of hedge funds have recently added to or reduced their stakes in WNC. Kathleen S. Wright Associates Inc. acquired a new stake in Wabash National in the 3rd quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in shares of Wabash National during the second quarter valued at about $33,000. Point72 Hong Kong Ltd bought a new stake in shares of Wabash National during the second quarter valued at about $34,000. CWM LLC lifted its holdings in Wabash National by 353.5% in the second quarter. CWM LLC now owns 2,272 shares of the company’s stock worth $50,000 after purchasing an additional 1,771 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Wabash National in the 2nd quarter valued at about $66,000. 97.05% of the stock is currently owned by institutional investors.

Wabash National Company Profile

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.