Wabash National (WNC) Issues FY18 Earnings Guidance

Wabash National (NYSE:WNC) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.50-1.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.50.

WNC stock traded up $1.67 during midday trading on Wednesday, hitting $15.26. 1,484,763 shares of the company’s stock were exchanged, compared to its average volume of 962,380. The company has a quick ratio of 1.20, a current ratio of 1.96 and a debt-to-equity ratio of 1.01. Wabash National has a 12-month low of $12.40 and a 12-month high of $26.54. The company has a market capitalization of $750.59 million, a PE ratio of 11.06, a P/E/G ratio of 0.32 and a beta of 1.79.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Wabash National had a return on equity of 17.85% and a net margin of 5.86%. The company had revenue of $553.07 million for the quarter, compared to the consensus estimate of $552.11 million. During the same period in the previous year, the business earned $0.34 EPS. Wabash National’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Wabash National will post 1.5 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Thursday, October 4th were given a $0.075 dividend. The ex-dividend date was Wednesday, October 3rd. This represents a $0.30 annualized dividend and a dividend yield of 1.97%. Wabash National’s payout ratio is 21.74%.

WNC has been the subject of several research reports. BMO Capital Markets reiterated a hold rating and issued a $25.00 target price on shares of Wabash National in a research report on Thursday, July 19th. Zacks Investment Research lowered Wabash National from a buy rating to a hold rating in a research report on Friday, July 20th. ValuEngine upgraded Wabash National from a strong sell rating to a sell rating in a research report on Monday, July 30th. Piper Jaffray Companies set a $22.00 target price on Wabash National and gave the stock a hold rating in a research report on Wednesday, August 1st. Finally, Stifel Nicolaus decreased their target price 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, six have given a hold rating and three have assigned a buy rating to the stock. Wabash National has an average rating of Hold and an average price target of $20.75.

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

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