Wabash National Corporation (WNC) To Go Ex-Dividend on January 8th

Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Thursday, November 20th. Shareholders of record on Thursday, January 8th will be given a dividend of 0.08 per share on Thursday, January 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, January 8th.

Wabash National has decreased its dividend by an average of 0.0%per year over the last three years. Wabash National has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wabash National to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 16.8%.

Wabash National Trading Up 3.5%

NYSE WNC opened at $9.25 on Tuesday. The firm has a market capitalization of $374.97 million, a PE ratio of 1.52 and a beta of 1.67. The stock’s 50 day moving average is $8.60 and its 200 day moving average is $9.74. Wabash National has a twelve month low of $6.78 and a twelve month high of $17.55. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 1.01.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, December 1st. The company reported $0.22 EPS for the quarter. The business had revenue of $482.57 million during the quarter. Wabash National had a negative return on equity of 15.21% and a net margin of 15.89%.Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS. Research analysts forecast that Wabash National will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on WNC. DA Davidson restated a “neutral” rating and issued a $9.00 price target on shares of Wabash National in a research note on Friday, December 19th. Zacks Research cut Wabash National from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Wabash National in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Wabash National from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, National Bankshares set a $9.00 price objective on shares of Wabash National in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus price target of $9.00.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.