Wabash National Corp. (WNC) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS
Wabash National Corp. (NYSE:WNC) announced its earnings results on Thursday. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.08, American Banking News reports. The company had revenue of $458.40 million for the quarter, compared to the consensus estimate of $456.71 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.
Wabash National Corp. (NYSE:WNC) opened at 12.98 on Thursday. Wabash National Corp. has a 1-year low of $8.19 and a 1-year high of $14.06. The stock’s 50-day moving average is $12.99 and its 200-day moving average is $11.78. The company has a market cap of $889.3 million and a price-to-earnings ratio of 7.82.
On the ratings front, analysts at FBR Capital Markets upgraded shares of Wabash National Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, January 6th. They now have a $14.00 price target on the stock, up previously from $11.00. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $13.58.
Wabash National Corporation (NYSE:WNC) is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment.
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