Wabash National (NYSE:WNC) Updates Q2 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.500-0.550 for the period, compared to the consensus estimate of 0.570. The company issued revenue guidance of $550.0 million-$600.0 million, compared to the consensus revenue estimate of $562.9 million.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Wabash National from a hold rating to a buy rating in a report on Thursday, April 18th.

Wabash National Stock Up 2.5 %

WNC traded up $0.61 during trading on Friday, reaching $24.61. The company had a trading volume of 733,906 shares, compared to its average volume of 613,756. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.17. Wabash National has a 12 month low of $20.09 and a 12 month high of $30.07. The business’s fifty day moving average price is $27.29 and its 200 day moving average price is $24.91. The company has a market cap of $1.11 billion, a P/E ratio of 5.77 and a beta of 1.58.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The company had revenue of $515.28 million during the quarter. Equities analysts anticipate that Wabash National will post 2.19 EPS for the current year.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were issued a $0.08 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.30%. Wabash National’s dividend payout ratio (DPR) is presently 7.69%.

Insider Activity

In other news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Larry J. Magee sold 3,086 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now owns 6,386 shares in the company, valued at $172,805.16. The disclosure for this sale can be found here. 1.13% of the stock is owned by corporate insiders.

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.