Equities analysts expect Wabash National Co. (NYSE:WNC) to report $476.77 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Wabash National’s earnings. The lowest sales estimate is $469.20 million and the highest is $490.10 million. Wabash National reported sales of $362.72 million during the same quarter last year, which would suggest a positive year over year growth rate of 31.4%. The company is expected to report its next earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Wabash National will report full-year sales of $476.77 million for the current year. For the next fiscal year, analysts forecast that the business will report sales of $2.05 billion per share, with estimates ranging from $2.03 billion to $2.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Wabash National.
Wabash National (NYSE:WNC) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Wabash National had a net margin of 6.31% and a return on equity of 17.69%. The company had revenue of $543.40 million during the quarter, compared to analyst estimates of $517.96 million. During the same period in the previous year, the business earned $0.38 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis.
A number of equities analysts recently weighed in on the stock. Seaport Global Securities restated a “neutral” rating on shares of Wabash National in a report on Tuesday, January 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $26.00 target price (up previously from $23.00) on shares of Wabash National in a research report on Thursday. ValuEngine raised shares of Wabash National from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. BMO Capital Markets reaffirmed a “hold” rating on shares of Wabash National in a research report on Monday, October 23rd. Finally, OTR Global downgraded shares of Wabash National to a “positive” rating in a research report on Thursday, December 14th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Wabash National has an average rating of “Buy” and a consensus price target of $26.20.
Shares of Wabash National (NYSE WNC) traded down $1.21 during midday trading on Friday, reaching $24.39. 1,435,806 shares of the company were exchanged, compared to its average volume of 1,119,567. Wabash National has a 52 week low of $18.25 and a 52 week high of $26.54. The stock has a market cap of $1,510.00, a price-to-earnings ratio of 13.63, a P/E/G ratio of 0.61 and a beta of 1.73. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.39 and a current ratio of 2.03.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, January 3rd. This is an increase from Wabash National’s previous quarterly dividend of $0.06. Wabash National’s payout ratio is 16.76%.
Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Wabash National during the 3rd quarter valued at $326,000. Yorktown Management & Research Co Inc grew its position in shares of Wabash National by 21.7% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock valued at $333,000 after acquiring an additional 2,600 shares during the period. ETRADE Capital Management LLC grew its position in shares of Wabash National by 25.1% during the 3rd quarter. ETRADE Capital Management LLC now owns 14,622 shares of the company’s stock valued at $334,000 after acquiring an additional 2,930 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Wabash National by 15.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock valued at $341,000 after acquiring an additional 2,100 shares during the period. Finally, Stevens Capital Management LP bought a new position in Wabash National in the 3rd quarter worth $407,000.
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Wabash National Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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