Equities research analysts forecast that Wabash National Co. (NYSE:WNC) will report sales of $482.70 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Wabash National’s earnings, with the lowest sales estimate coming in at $471.00 million and the highest estimate coming in at $503.70 million. Wabash National reported sales of $362.72 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.1%. The firm is scheduled to announce its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Wabash National will report full-year sales of $482.70 million for the current fiscal year, with estimates ranging from $2.09 billion to $2.16 billion. For the next financial year, analysts anticipate that the company will report sales of $2.18 billion per share, with estimates ranging from $2.16 billion to $2.20 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Wabash National.
Wabash National (NYSE:WNC) last announced its earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. Wabash National had a net margin of 6.31% and a return on equity of 17.69%. The business had revenue of $543.40 million during the quarter, compared to the consensus estimate of $517.96 million. During the same quarter last year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis.
A number of equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Wabash National to $24.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their target price on shares of Wabash National from $23.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Zacks Investment Research raised shares of Wabash National from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Saturday, February 10th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National in a research note on Tuesday, January 16th. Finally, OTR Global downgraded shares of Wabash National to a “positive” rating in a research note on Thursday, December 14th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.40.
Wabash National (WNC) opened at $23.91 on Monday. Wabash National has a one year low of $18.25 and a one year high of $26.54. The firm has a market cap of $1,410.16, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 0.56 and a beta of 1.73. The company has a current ratio of 2.03, a quick ratio of 1.39 and a debt-to-equity ratio of 1.00.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th were paid a dividend of $0.075 per share. This is an increase from Wabash National’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, January 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.25%. Wabash National’s dividend payout ratio (DPR) is currently 16.85%.
In related news, CEO Richard J. Giromini sold 58,300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the completion of the sale, the chief executive officer now owns 803,680 shares of the company’s stock, valued at $20,124,147.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Wabash National by 3.7% during the fourth quarter. BlackRock Inc. now owns 7,498,565 shares of the company’s stock valued at $162,718,000 after acquiring an additional 264,512 shares in the last quarter. Royce & Associates LP increased its position in shares of Wabash National by 18.5% during the fourth quarter. Royce & Associates LP now owns 4,571,699 shares of the company’s stock valued at $99,206,000 after acquiring an additional 715,062 shares in the last quarter. Rothschild Asset Management Inc. increased its position in shares of Wabash National by 5.6% during the third quarter. Rothschild Asset Management Inc. now owns 1,790,653 shares of the company’s stock valued at $40,863,000 after acquiring an additional 95,220 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Wabash National by 16.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,636,788 shares of the company’s stock valued at $35,519,000 after acquiring an additional 232,736 shares in the last quarter. Finally, Park West Asset Management LLC increased its position in shares of Wabash National by 63.5% during the fourth quarter. Park West Asset Management LLC now owns 1,635,000 shares of the company’s stock valued at $35,480,000 after acquiring an additional 635,000 shares in the last quarter.
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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