Equities analysts expect Wabash National Corporation (NYSE:WNC) to post sales of $449.92 million for the current quarter, according to Zacks. Three analysts have issued estimates for Wabash National Corporation’s earnings, with the lowest sales estimate coming in at $438.85 million and the highest estimate coming in at $460.40 million. Wabash National Corporation reported sales of $464.27 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The company is expected to issue its next quarterly earnings results on Monday, October 23rd.

According to Zacks, analysts expect that Wabash National Corporation will report full-year sales of $449.92 million for the current year, with estimates ranging from $1.69 billion to $1.76 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.77 billion per share, with estimates ranging from $1.63 billion to $1.98 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Wabash National Corporation.

Wabash National Corporation (NYSE:WNC) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.05. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The firm had revenue of $435.90 million during the quarter, compared to the consensus estimate of $436.85 million. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year.

Several research analysts have weighed in on the company. Craig Hallum raised Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BidaskClub raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BMO Capital Markets reissued a “hold” rating and issued a $20.00 price objective on shares of Wabash National Corporation in a research report on Friday, July 7th. Finally, Aegis boosted their price objective on Wabash National Corporation from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $20.57.

TRADEMARK VIOLATION WARNING: “Brokerages Anticipate Wabash National Corporation (WNC) Will Post Quarterly Sales of $449.92 Million” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/08/23/brokerages-anticipate-wabash-national-corporation-wnc-will-post-quarterly-sales-of-449-92-million.html.

Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of Wabash National Corporation during the first quarter valued at about $108,000. TrimTabs Asset Management LLC raised its stake in shares of Wabash National Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock valued at $155,000 after buying an additional 3,520 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Wabash National Corporation by 390.1% in the second quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock valued at $163,000 after buying an additional 5,930 shares during the last quarter. Ronna Sue Cohen purchased a new stake in shares of Wabash National Corporation during the second quarter valued at about $203,000. Finally, Hikari Power Ltd purchased a new stake in shares of Wabash National Corporation during the second quarter valued at about $209,000.

Wabash National Corporation (WNC) traded up 0.10% during trading on Wednesday, hitting $20.73. 136,365 shares of the stock were exchanged. The firm’s 50 day moving average price is $21.06 and its 200-day moving average price is $21.03. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 13.37 and a beta of 1.78. Wabash National Corporation has a 1-year low of $10.74 and a 1-year high of $24.16.

About Wabash National Corporation

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.

Get a free copy of the Zacks research report on Wabash National Corporation (WNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wabash National Corporation (NYSE:WNC)

Receive News & Ratings for Wabash National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.