Wabash National (WNC) to Release Earnings on Wednesday

Wabash National (NYSE:WNC) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Wabash National has set its FY 2024 guidance at 2.000-2.500 EPS and its FY24 guidance at $2.00-2.50 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.18. The business had revenue of $596.10 million for the quarter, compared to analyst estimates of $633.68 million. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. On average, analysts expect Wabash National to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Wabash National Stock Performance

NYSE WNC opened at $26.68 on Wednesday. The firm has a market capitalization of $1.20 billion, a P/E ratio of 5.55 and a beta of 1.58. Wabash National has a 1-year low of $20.09 and a 1-year high of $30.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17. The business’s 50-day simple moving average is $27.41 and its 200-day simple moving average is $24.77.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.20%. Wabash National’s payout ratio is currently 6.65%.

Insider Activity at Wabash National

In related news, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the sale, the director now directly owns 114,146 shares in the company, valued at approximately $3,024,869. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the sale, the director now directly owns 6,386 shares in the company, valued at approximately $172,805.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Wabash National

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL acquired a new position in shares of Wabash National in the 4th quarter worth approximately $205,000. Atria Wealth Solutions Inc. acquired a new position in Wabash National during the 1st quarter worth $183,000. Guggenheim Capital LLC acquired a new position in Wabash National during the 1st quarter worth $180,000. Point72 Middle East FZE acquired a new position in Wabash National during the 4th quarter worth $125,000. Finally, Lazard Asset Management LLC boosted its position in Wabash National by 30.6% during the 4th quarter. Lazard Asset Management LLC now owns 3,521 shares of the company’s stock worth $79,000 after acquiring an additional 826 shares during the period. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Wabash National from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th.

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.