Wabash National (NYSE:WNC) Updates FY 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.000-2.500 for the period, compared to the consensus EPS 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.

Wabash National Trading Down 1.9 %

NYSE WNC traded down $0.47 on Thursday, reaching $23.95. The stock had a trading volume of 229,796 shares, compared to its average volume of 605,602. Wabash National has a 12-month low of $20.09 and a 12-month high of $30.07. The company has a quick ratio of 1.17, a current ratio of 1.93 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $27.34 and a two-hundred day moving average price of $24.92. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 5.00 and a beta of 1.58.

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a return on equity of 46.87% and a net margin of 9.12%. The business had revenue of $515.28 million for the quarter. As a group, sell-side analysts forecast that Wabash National will post 2.19 EPS for the current fiscal year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.34%. The ex-dividend date is Wednesday, April 3rd. Wabash National’s payout ratio is currently 6.65%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’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 directly owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $172,805.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 114,146 shares in the company, valued at approximately $3,024,869. The disclosure for this sale can be found here. Corporate 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.