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.

Analysts Set New Price Targets

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

Wabash National Stock Down 1.7 %

Shares of WNC stock traded down $0.42 during trading hours on Thursday, reaching $24.00. The company had a trading volume of 752,054 shares, compared to its average volume of 612,254. The company has a market capitalization of $1.08 billion, a P/E ratio of 4.99 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.17 and a current ratio of 1.93. Wabash National has a twelve month low of $20.09 and a twelve month high of $30.07. The stock’s fifty day simple moving average is $27.29 and its 200 day simple moving average is $24.91.

Wabash National (NYSE:WNC) last posted its earnings results 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 46.87% and a net margin of 9.12%. The firm had revenue of $515.28 million for the quarter. As a group, sell-side analysts expect that Wabash National will post 2.19 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, April 3rd. Wabash National’s dividend payout ratio is currently 6.65%.

Insider Activity

In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were 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 of the company’s stock, valued at approximately $172,805.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’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 directly owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, 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. 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.