Wabash National (NYSE:WNC) Issues Earnings Results

Wabash National (NYSE:WNC) issued its quarterly earnings results on Wednesday. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08, Briefing.com reports. Wabash National had a return on equity of 37.84% and a net margin of 8.15%. The company had revenue of $550.61 million during the quarter, compared to analysts’ expectations of $594.77 million. During the same quarter in the previous year, the firm posted $1.54 EPS. The firm’s revenue was down 19.8% compared to the same quarter last year. Wabash National updated its FY 2024 guidance to 1.500-1.600 EPS.

Wabash National Stock Performance

Shares of WNC stock traded up $0.09 on Thursday, hitting $20.50. The company had a trading volume of 866,761 shares, compared to its average volume of 611,911. The firm has a market cap of $922.91 million, a P/E ratio of 4.99 and a beta of 1.56. Wabash National has a twelve month low of $20.00 and a twelve month high of $30.07. The company has a quick ratio of 1.11, a current ratio of 1.87 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $21.69 and a 200-day moving average price of $24.55.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd will be issued a $0.08 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.56%. Wabash National’s dividend payout ratio (DPR) is presently 7.69%.

Analyst Upgrades and Downgrades

A number of analysts have commented on WNC shares. StockNews.com cut Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. DA Davidson reissued a “neutral” rating and issued a $23.00 price objective on shares of Wabash National in a report on Monday, June 24th.

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.