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 guidance of 2.000-2.500 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

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

Wabash National Trading Down 5.1 %

WNC stock traded down $1.32 during midday trading on Wednesday, reaching $24.43. 966,209 shares of the company traded hands, compared to its average volume of 610,457. Wabash National has a 52-week low of $20.09 and a 52-week high of $30.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.17 and a current ratio of 1.93. The business has a 50 day moving average of $27.38 and a 200-day moving average of $24.92. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.08 and a beta of 1.58.

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

Wabash National Announces Dividend

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

Insider Transactions at Wabash National

In other news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the 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 completion of the sale, the director now owns 6,386 shares in the company, valued at $172,805.16. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

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.