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

Wabash National (NYSE:WNC) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.500-0.550 for the period, compared to the consensus EPS 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.

Wabash National Price Performance

Wabash National stock traded up $0.61 during midday trading on Friday, reaching $24.61. The company’s stock had a trading volume of 733,906 shares, compared to its average volume of 514,556. Wabash National has a 52 week low of $20.09 and a 52 week high of $30.07. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $27.26 and a 200-day moving average price of $24.93. The stock has a market cap of $1.11 billion, a PE ratio of 5.92 and a beta of 1.58.

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

Wabash National Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Wabash National from a buy rating to a hold rating in a research report on Friday.

Insider Transactions at Wabash National

In other news, Director Larry J. Magee sold 3,086 shares of the company’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 of the company’s stock, valued at $3,024,869. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 6,386 shares in the company, valued at approximately $172,805.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry J. Magee sold 3,086 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is 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.