Wabash National Co. (NYSE:WNC – Get Rating) – Stock analysts at DA Davidson issued their Q2 2022 EPS estimates for Wabash National in a research note issued to investors on Thursday, April 28th. DA Davidson analyst M. Shlisky forecasts that the company will earn $0.46 per share for the quarter. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Wabash National’s FY2022 earnings at $1.89 EPS and FY2023 earnings at $2.69 EPS.
A number of other research firms have also weighed in on WNC. Zacks Investment Research lowered Wabash National from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. TheStreet lowered Wabash National from a “b-” rating to a “c” rating in a research note on Wednesday, February 2nd. StockNews.com initiated coverage on Wabash National in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Raymond James lowered their target price on Wabash National from $24.00 to $22.00 and set a “strong-buy” rating for the company in a research note on Thursday, February 3rd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Wabash National currently has a consensus rating of “Buy” and a consensus price target of $20.00.
Wabash National (NYSE:WNC – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.14. Wabash National had a return on equity of 7.68% and a net margin of 0.06%. The firm had revenue of $546.76 million during the quarter, compared to analysts’ expectations of $481.60 million. During the same period in the prior year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Wabash National by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,244,778 shares of the company’s stock worth $49,095,000 after acquiring an additional 24,986 shares during the period. State Street Corp grew its holdings in shares of Wabash National by 1.5% during the 4th quarter. State Street Corp now owns 1,729,684 shares of the company’s stock worth $33,763,000 after acquiring an additional 26,038 shares during the period. Towle & Co. grew its holdings in shares of Wabash National by 41.8% during the 3rd quarter. Towle & Co. now owns 1,465,392 shares of the company’s stock worth $22,171,000 after acquiring an additional 431,609 shares during the period. Victory Capital Management Inc. grew its stake in shares of Wabash National by 24.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,450,248 shares of the company’s stock worth $21,943,000 after buying an additional 288,286 shares during the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in shares of Wabash National by 1.1% in the 4th quarter. Kennedy Capital Management Inc. now owns 1,157,005 shares of the company’s stock worth $22,585,000 after buying an additional 12,628 shares during the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.
In other Wabash National news, CEO Brent L. Yeagy sold 1,836 shares of the company’s stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $19.55, for a total transaction of $35,893.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.64% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 28th. Shareholders of record on Thursday, April 7th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, April 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.12%. Wabash National’s dividend payout ratio (DPR) is 3,200.00%.
About Wabash National (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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