Wabash National (NYSE:WNC – Get Rating) will announce its earnings results after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Wabash National has set its FY22 guidance at at least $1.75 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
Wabash National (NYSE:WNC – Get Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.05). Wabash National had a return on equity of 7.68% and a net margin of 0.06%. The company had revenue of $479.28 million for the quarter, compared to analysts’ expectations of $489.23 million. During the same period in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts expect Wabash National to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Wabash National stock opened at $13.39 on Tuesday. Wabash National has a 52-week low of $12.23 and a 52-week high of $21.63. The firm has a fifty day moving average of $15.55 and a 200-day moving average of $17.20. The firm has a market capitalization of $656.55 million, a P/E ratio of 1,339.00 and a beta of 1.58. The company has a quick ratio of 1.01, a current ratio of 1.83 and a debt-to-equity ratio of 1.32.
A number of research firms recently weighed in on WNC. Raymond James lowered their price target on shares of Wabash National from $24.00 to $22.00 and set a “strong-buy” rating for the company in a report on Thursday, February 3rd. DA Davidson reissued a “buy” rating on shares of Wabash National in a report on Friday, February 4th. Zacks Investment Research downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. StockNews.com started coverage on shares of Wabash National in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, TheStreet downgraded shares of Wabash National from a “b-” rating to a “c” rating in a research report on Wednesday, February 2nd. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $19.60.
In other Wabash National news, CEO Brent L. Yeagy sold 1,836 shares of Wabash National stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $19.55, for a total value of $35,893.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.64% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Wabash National by 128.9% in the 2nd quarter. Royal Bank of Canada now owns 3,523 shares of the company’s stock valued at $56,000 after purchasing an additional 1,984 shares in the last quarter. Jane Street Group LLC acquired a new position in Wabash National during the 3rd quarter worth about $276,000. NEXT Financial Group Inc lifted its position in Wabash National by 6.0% during the 4th quarter. NEXT Financial Group Inc now owns 14,159 shares of the company’s stock worth $276,000 after buying an additional 800 shares in the last quarter. MetLife Investment Management LLC lifted its position in Wabash National by 29.9% during the 4th quarter. MetLife Investment Management LLC now owns 17,203 shares of the company’s stock valued at $336,000 after purchasing an additional 3,961 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Wabash National during the 4th quarter valued at about $402,000. 97.82% of the stock is currently owned by hedge funds and other institutional investors.
Wabash National Company Profile (Get Rating)
Wabash National Corporation designs, manufactures, and distributes engineered 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 provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.
- Get a free copy of the StockNews.com research report on Wabash National (WNC)
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