Wabash National (NYSE:WNC) Releases Q3 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.200-0.250 for the period, compared to the consensus estimate of 0.230. The company issued revenue guidance of $450.0 million-$500.0 million, compared to the consensus revenue estimate of $477.4 million.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com cut Wabash National from a buy rating to a hold rating in a research note on Friday, April 26th. DA Davidson reissued a neutral rating and issued a $23.00 price objective on shares of Wabash National in a report on Monday, June 24th.

Wabash National Stock Performance

Wabash National stock traded up $0.57 during midday trading on Friday, hitting $21.08. 850,754 shares of the company were exchanged, compared to its average volume of 672,269. The firm has a market capitalization of $949.08 million, a PE ratio of 5.07 and a beta of 1.56. Wabash National has a fifty-two week low of $20.00 and a fifty-two week high of $30.07. The business has a fifty day simple moving average of $21.61 and a two-hundred day simple moving average of $24.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.99.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The company had revenue of $550.61 million for the quarter, compared to analyst estimates of $594.77 million. During the same period last year, the company earned $1.54 earnings per share. Wabash National’s quarterly revenue was down 19.8% compared to the same quarter last year. On average, sell-side analysts forecast that Wabash National will post 1.55 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd were given a $0.08 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.52%. Wabash National’s dividend payout ratio (DPR) is presently 7.69%.

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.