Shares of Wabash National Co. (NYSE:WNC) have earned a consensus rating of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.71.
WNC has been the subject of a number of analyst reports. Mizuho restated a “hold” rating and issued a $16.00 price objective on shares of Wabash National in a research note on Friday, March 1st. ValuEngine cut shares of Wabash National from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 12th. Finally, Zacks Investment Research upgraded shares of Wabash National from a “sell” rating to a “hold” rating in a research note on Friday.
NYSE WNC traded down $0.28 during trading on Wednesday, reaching $14.68. The company’s stock had a trading volume of 324,000 shares, compared to its average volume of 433,165. The company has a quick ratio of 1.34, a current ratio of 2.02 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $829.08 million, a PE ratio of 10.19 and a beta of 1.96. Wabash National has a 1-year low of $12.25 and a 1-year high of $22.18.
Wabash National (NYSE:WNC) last issued its quarterly earnings data on Tuesday, January 29th. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.09). Wabash National had a return on equity of 17.11% and a net margin of 3.06%. The firm had revenue of $610.20 million during the quarter, compared to analyst estimates of $592.00 million. As a group, equities analysts anticipate that Wabash National will post 1.55 EPS for the current year.
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 paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.18%. The ex-dividend date is Wednesday, April 3rd. Wabash National’s payout ratio is currently 22.22%.
Large investors have recently added to or reduced their stakes in the stock. IMS Capital Management acquired a new position in Wabash National during the 3rd quarter valued at $33,000. Truvestments Capital LLC bought a new stake in Wabash National in the 1st quarter valued at $73,000. Orrstown Financial Services Inc. bought a new stake in Wabash National in the 4th quarter valued at $76,000. O Shaughnessy Asset Management LLC increased its holdings in Wabash National by 41.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,311 shares of the company’s stock valued at $83,000 after buying an additional 1,836 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in Wabash National in the 4th quarter valued at $111,000. Hedge funds and other institutional investors own 96.99% of the company’s stock.
About Wabash National
Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.
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