Wabash National (NYSE:WNC) Releases FY 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.000-2.500 for the period, compared to the consensus estimate of 2.190. The company issued revenue guidance of $2.2 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion. Wabash National also updated its FY24 guidance to $2.00-$2.50 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Wabash National from a hold rating to a buy rating in a research note on Thursday, April 18th.

Wabash National Price Performance

Shares of NYSE:WNC traded down $1.32 on Wednesday, hitting $24.43. The company’s stock had a trading volume of 966,209 shares, compared to its average volume of 610,457. The company has a 50-day simple moving average of $27.38 and a 200 day simple moving average of $24.92. Wabash National has a 1 year low of $20.09 and a 1 year high of $30.07. The company has a market capitalization of $1.10 billion, a PE ratio of 5.08 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.18. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. The firm had revenue of $596.10 million for the quarter, compared to analysts’ expectations of $633.68 million. During the same quarter last year, the firm posted $0.84 EPS. The company’s revenue was down 9.3% compared to the same quarter last year. Sell-side analysts forecast that Wabash National will post 2.19 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.31%. Wabash National’s dividend payout ratio is 6.65%.

Insider Activity at Wabash National

In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s stock in a transaction dated 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 directly owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 approximately $3,024,869. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value 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 currently owned by insiders.

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.