Analysts expect Wabash National (NYSE:WNC) to post sales of $609.87 million for the current quarter, according to Zacks. Three analysts have made estimates for Wabash National’s earnings, with the lowest sales estimate coming in at $608.50 million and the highest estimate coming in at $611.70 million. Wabash National reported sales of $435.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 39.9%. The company is scheduled to announce its next earnings results on Tuesday, July 24th.
On average, analysts expect that Wabash National will report full-year sales of $2.26 billion for the current year, with estimates ranging from $2.20 billion to $2.30 billion. For the next year, analysts forecast that the company will report sales of $2.27 billion per share, with estimates ranging from $2.17 billion to $2.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Wabash National.
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Wabash National (NYSE:WNC) last issued its quarterly earnings results on Tuesday, May 1st. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). The company had revenue of $491.32 million during the quarter, compared to analyst estimates of $468.77 million. Wabash National had a net margin of 5.94% and a return on equity of 16.87%. The company’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS.
WNC has been the subject of several recent research reports. ValuEngine cut Wabash National from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research raised Wabash National from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Sunday, January 21st. OTR Global raised Wabash National to a “positive” rating in a research note on Thursday, March 1st. Stifel Nicolaus set a $25.00 price target on Wabash National and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Craig Hallum set a $32.00 price target on Wabash National and gave the company a “buy” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Wabash National by 135.7% during the first quarter. Envestnet Asset Management Inc. now owns 8,097 shares of the company’s stock worth $169,000 after purchasing an additional 4,662 shares during the period. Meadow Creek Investment Management LLC grew its stake in Wabash National by 32.3% during the fourth quarter. Meadow Creek Investment Management LLC now owns 9,758 shares of the company’s stock worth $212,000 after purchasing an additional 2,380 shares during the period. Profund Advisors LLC acquired a new stake in Wabash National during the first quarter worth approximately $229,000. Pitcairn Co. acquired a new stake in Wabash National during the first quarter worth approximately $230,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Wabash National during the first quarter worth approximately $255,000.
Shares of WNC stock traded up $0.22 on Tuesday, hitting $20.68. The company had a trading volume of 125,761 shares, compared to its average volume of 770,139. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.48 and a beta of 1.85. The company has a current ratio of 1.91, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. Wabash National has a twelve month low of $20.32 and a twelve month high of $20.54.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 26th. Investors of record on Thursday, July 5th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, July 3rd. This represents a $0.30 annualized dividend and a yield of 1.45%. Wabash National’s dividend payout ratio is currently 21.74%.
Wabash National Company Profile
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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