Equities analysts forecast that Wabash National Co. (NYSE:WNC) will post earnings per share of $0.41 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Wabash National’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.39. Wabash National posted earnings of $0.55 per share in the same quarter last year, which would suggest a negative year over year growth rate of 25.5%. The business is expected to issue its next earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that Wabash National will report full-year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.45 to $1.60. For the next fiscal year, analysts forecast that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.38 to $1.54. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Wabash National.
Wabash National (NYSE:WNC) last posted its quarterly earnings data on Monday, April 24th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. Wabash National had a net margin of 6.47% and a return on equity of 25.54%. The firm had revenue of $362.70 million for the quarter, compared to analysts’ expectations of $371.09 million. During the same period in the previous year, the company posted $0.42 EPS. The company’s quarterly revenue was down 19.0% compared to the same quarter last year.
A number of equities research analysts recently commented on WNC shares. BMO Capital Markets restated a “hold” rating and set a $12.00 price objective on shares of Wabash National in a report on Friday, January 13th. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a report on Saturday, January 21st. Seaport Global Securities restated a “neutral” rating on shares of Wabash National in a report on Thursday, April 6th. Piper Jaffray Companies lowered shares of Wabash National from an “overweight” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Thursday, February 2nd. Finally, Stifel Nicolaus upgraded shares of Wabash National from a “sell” rating to a “hold” rating and raised their price objective for the stock from $11.00 to $17.00 in a report on Thursday, January 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.14.
Wabash National (NYSE:WNC) traded down 1.68% during trading on Thursday, reaching $22.78. 854,050 shares of the company’s stock traded hands. Wabash National has a 12 month low of $10.74 and a 12 month high of $24.16. The firm’s 50 day moving average is $20.66 and its 200 day moving average is $17.27. The company has a market cap of $1.37 billion, a P/E ratio of 12.52 and a beta of 1.87.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 27th. Investors of record on Thursday, April 6th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Tuesday, April 4th. Wabash National’s dividend payout ratio (DPR) is currently 13.19%.
In other news, SVP Mark Jason Weber sold 9,210 shares of Wabash National stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $21.80, for a total value of $200,778.00. Following the completion of the transaction, the senior vice president now owns 171,146 shares of the company’s stock, valued at approximately $3,730,982.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William D. Pitchford sold 16,703 shares of Wabash National stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $21.20, for a total transaction of $354,103.60. Following the completion of the transaction, the senior vice president now directly owns 229,785 shares of the company’s stock, valued at approximately $4,871,442. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,779 shares of company stock valued at $3,357,612. 2.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in WNC. Bank of Montreal Can increased its position in shares of Wabash National by 148.8% in the third quarter. Bank of Montreal Can now owns 152,073 shares of the company’s stock worth $2,165,000 after buying an additional 90,959 shares during the period. Boston Advisors LLC increased its position in shares of Wabash National by 29.9% in the third quarter. Boston Advisors LLC now owns 379,950 shares of the company’s stock worth $5,410,000 after buying an additional 87,510 shares during the period. Baker Ellis Asset Management LLC increased its position in shares of Wabash National by 15.0% in the third quarter. Baker Ellis Asset Management LLC now owns 85,530 shares of the company’s stock worth $1,218,000 after buying an additional 11,150 shares during the period. James Investment Research Inc. increased its position in shares of Wabash National by 17.6% in the third quarter. James Investment Research Inc. now owns 53,120 shares of the company’s stock worth $756,000 after buying an additional 7,960 shares during the period. Finally, Chicago Equity Partners LLC purchased a new position in shares of Wabash National during the third quarter worth approximately $5,202,000.
About Wabash National
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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