Wall Street brokerages expect Wabash National Co. (NYSE:WNC) to post sales of $609.87 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Wabash National’s earnings. The lowest sales estimate is $608.50 million and the highest is $611.70 million. Wabash National posted sales of $435.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 39.9%. The firm is expected to issue its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that Wabash National will report full year sales of $2.26 billion for the current financial year, with estimates ranging from $2.20 billion to $2.30 billion. For the next year, analysts expect that the business 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 follow Wabash National.
Wabash National (NYSE:WNC) last released its earnings results on Tuesday, May 1st. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.05). Wabash National had a return on equity of 16.87% and a net margin of 5.94%. The firm had revenue of $491.32 million during the quarter, compared to analyst estimates of $468.77 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue was up 35.5% on a year-over-year basis.
A number of equities analysts have recently issued reports on WNC shares. ValuEngine downgraded shares of Wabash National from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded shares of Wabash National from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. Craig Hallum set a $32.00 price target on shares of Wabash National and gave the company a “buy” rating in a report on Wednesday, May 2nd. Finally, OTR Global upgraded shares of Wabash National to a “positive” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.80.
Several institutional investors and hedge funds have recently made changes to their positions in WNC. KBC Group NV increased its holdings in Wabash National by 21.1% during the 4th quarter. KBC Group NV now owns 165,321 shares of the company’s stock valued at $3,587,000 after acquiring an additional 28,753 shares in the last quarter. Caxton Associates LP purchased a new position in Wabash National during the 4th quarter valued at about $373,000. Jefferies Group LLC purchased a new position in Wabash National during the 4th quarter valued at about $491,000. UBS Asset Management Americas Inc. increased its holdings in Wabash National by 12.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 29,993 shares of the company’s stock valued at $651,000 after acquiring an additional 3,291 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Wabash National by 3.7% during the 4th quarter. BlackRock Inc. now owns 7,498,565 shares of the company’s stock valued at $162,718,000 after acquiring an additional 264,512 shares in the last quarter.
Shares of WNC stock traded up $0.08 during mid-day trading on Tuesday, hitting $19.74. The stock had a trading volume of 14,431 shares, compared to its average volume of 385,903. Wabash National has a fifty-two week low of $18.25 and a fifty-two week high of $26.54. The stock has a market capitalization of $1.16 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 0.47 and a beta of 1.82. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.91.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 26th. Stockholders of record on Thursday, July 5th will be issued a $0.075 dividend. The ex-dividend date is Tuesday, July 3rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.52%. Wabash National’s dividend payout ratio is presently 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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