Wabash National (WNC) Set to Announce Quarterly Earnings on Wednesday

Wabash National (NYSE:WNC) will be issuing its quarterly earnings data 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 that are interested in registering for the company’s conference call can do so using this link.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.18. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The business had revenue of $596.10 million for the quarter, compared to the consensus estimate of $633.68 million. During the same period in the prior year, the business posted $0.84 earnings per share. Wabash National’s revenue for the quarter was down 9.3% compared to the same quarter last year. 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

Shares of NYSE WNC opened at $25.82 on Tuesday. Wabash National has a one year low of $20.09 and a one year high of $30.07. The business’s 50-day moving average price is $27.39 and its two-hundred day moving average price is $24.89. 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 company has a market capitalization of $1.17 billion, a P/E ratio of 5.37 and a beta of 1.58.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, April 3rd. Wabash National’s payout ratio is presently 6.65%.

Insider Activity

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

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Wabash National from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th.

Wabash National Company Profile

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.