Wabash National (NYSE:WNC) Announces Earnings Results

Wabash National (NYSE:WNC) issued its quarterly earnings results on Wednesday. The company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.16), Briefing.com reports. Wabash National had a negative return on equity of 22.80% and a net margin of 13.71%.The business had revenue of $321.45 million for the quarter, compared to analysts’ expectations of $318.32 million. During the same quarter last year, the company earned ($0.02) earnings per share. The firm’s revenue for the quarter was down 22.9% on a year-over-year basis.

Here are the key takeaways from Wabash National’s conference call:

• Q1 2026 guidance — Wabash expects revenue of $310M–$330M and adjusted EPS of about -$0.95 to -$1.05, and says Q1 will be the weakest quarter as customer spending remains highly managed amid a soft freight market.
• Idling two plants — The company idled Little Falls and Goshen, took ~$16M of non‑cash charges in Q4 and expects an additional $4M–$5M of charges (with ~$1M–$2M cash) in H1 2026, while targeting roughly $10M of ongoing annualized cost savings from the actions.
• Parts & Services momentum — The segment grew 33% year‑over‑year (≈6% sequential), shipped ~550 upfit units in Q4 (≈2,050 in 2025) and management expects continued growth, margin expansion toward high‑teens EBITDA over time, and >2,500 upfit units in 2026.
• Liquidity and capital priorities — Liquidity was $235M at year‑end, full‑year operating cash generation was $12M (free cash flow -$31M excluding a $30M legal settlement), CapEx is expected to be roughly maintenance levels (~$25–26M) in 2026, and management plans to prioritize ABL paydown, dividends and disciplined use of excess cash for repurchases or bond repayment as visibility improves.

Wabash National Stock Down 2.9%

Shares of WNC traded down $0.32 during mid-day trading on Friday, reaching $10.64. The company’s stock had a trading volume of 84,554 shares, compared to its average volume of 638,136. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.39 and a quick ratio of 0.86. Wabash National has a 12-month low of $6.78 and a 12-month high of $14.36. The stock has a market cap of $431.13 million, a PE ratio of 2.18 and a beta of 1.67. The company’s 50 day moving average is $9.69 and its 200 day moving average is $9.69.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Thursday, January 8th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, January 8th. Wabash National’s dividend payout ratio is currently 5.26%.

Institutional Trading of Wabash National

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Wabash National by 93.9% during the 1st quarter. Royal Bank of Canada now owns 30,789 shares of the company’s stock worth $339,000 after buying an additional 14,912 shares during the last quarter. AQR Capital Management LLC raised its stake in Wabash National by 59.1% during the 1st quarter. AQR Capital Management LLC now owns 224,734 shares of the company’s stock worth $2,483,000 after acquiring an additional 83,473 shares in the last quarter. Millennium Management LLC raised its stake in Wabash National by 864.3% during the 1st quarter. Millennium Management LLC now owns 459,547 shares of the company’s stock worth $5,078,000 after acquiring an additional 411,889 shares in the last quarter. Caxton Associates LLP purchased a new stake in Wabash National in the first quarter valued at $166,000. Finally, Empowered Funds LLC boosted its stake in Wabash National by 4.2% in the first quarter. Empowered Funds LLC now owns 202,429 shares of the company’s stock valued at $2,237,000 after acquiring an additional 8,205 shares in the last quarter. Institutional investors and hedge funds own 97.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WNC shares. National Bankshares set a $9.00 target price on shares of Wabash National in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Wabash National from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings lowered Wabash National from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. DA Davidson reiterated a “neutral” rating and issued a $9.00 target price on shares of Wabash National in a report on Friday, December 19th. Finally, Wall Street Zen raised Wabash National from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price 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.