Wabash National Co. to Issue Quarterly Dividend of $0.06 (WNC)
Wabash National Co. (NYSE:WNC) declared a quarterly dividend on Thursday, May 18th. Shareholders of record on Thursday, July 6th will be paid a dividend of 0.06 per share on Thursday, July 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.15%.
Shares of Wabash National (NYSE:WNC) traded up 0.24% during trading on Thursday, reaching $20.80. 704,126 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.25 billion, a P/E ratio of 12.06 and a beta of 1.87. Wabash National has a 52-week low of $10.74 and a 52-week high of $24.16. The company has a 50 day moving average of $21.12 and a 200 day moving average of $18.17.
Wabash National (NYSE:WNC) last posted its earnings results on Monday, April 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Wabash National had a net margin of 6.47% and a return on equity of 25.54%. The business had revenue of $362.70 million for the quarter, compared to analyst estimates of $371.09 million. During the same period last year, the business posted $0.42 EPS. Wabash National’s revenue was down 19.0% compared to the same quarter last year. Equities analysts anticipate that Wabash National will post $1.53 earnings per share for the current fiscal year.
In related news, SVP Mark Jason Weber sold 9,210 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $21.80, for a total value of $200,778.00. Following the transaction, the senior vice president now directly owns 171,146 shares in the company, valued at approximately $3,730,982.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Erin Jennifer Roth sold 14,090 shares of the firm’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $20.79, for a total transaction of $292,931.10. Following the completion of the transaction, the senior vice president now owns 82,170 shares in the company, valued at $1,708,314.30. The disclosure for this sale can be found here. Insiders sold a total of 111,508 shares of company stock worth $2,376,068 over the last quarter. 2.90% of the stock is currently owned by company insiders.
WNC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research note on Saturday, January 21st. BMO Capital Markets raised their target price on shares of Wabash National from $12.00 to $16.00 and gave the company a “hold” rating in a research note on Monday, February 6th. Seaport Global Securities reiterated a “neutral” rating on shares of Wabash National in a research note on Thursday, April 6th. Piper Jaffray Companies lowered shares of Wabash National from an “overweight” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Thursday, February 2nd. Finally, Stifel Nicolaus upgraded shares of Wabash National from a “sell” rating to a “hold” rating and raised their target price for the company from $11.00 to $17.00 in a research note on Thursday, January 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Wabash National has a consensus rating of “Hold” and an average target price of $18.14.
About Wabash National
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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