Brokerages Anticipate Wabash National Corporation (WNC) Will Post Quarterly Sales of $449.92 Million
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.
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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.
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