Analysts forecast that Wabash National Corporation (NYSE:WNC) will report $449.92 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Wabash National Corporation’s earnings. The highest sales estimate is $460.40 million and the lowest is $438.85 million. Wabash National Corporation posted sales of $464.27 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.1%. The firm is scheduled to issue its next earnings report 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 fiscal year, with estimates ranging from $1.69 billion to $1.76 billion. For the next financial year, analysts expect that the company will post sales of $1.77 billion per share, with estimates ranging from $1.63 billion to $1.98 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow 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 analysts’ consensus estimates of $0.42 by $0.05. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The company had revenue of $435.90 million for the quarter, compared to the consensus estimate of $436.85 million. During the same quarter last year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year.

A number of equities research analysts have commented on WNC shares. Aegis increased their price objective on shares of Wabash National Corporation from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Craig Hallum raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, BMO Capital Markets reissued a “hold” rating and set a $20.00 price objective on shares of Wabash National Corporation in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Wabash National Corporation presently has a consensus rating of “Hold” and an average price target of $20.57.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in shares of Wabash National Corporation by 0.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock valued at $539,000 after purchasing an additional 100 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Wabash National Corporation by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock valued at $689,000 after purchasing an additional 156 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Wabash National Corporation by 0.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 33,105 shares of the company’s stock valued at $685,000 after purchasing an additional 189 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Wabash National Corporation by 1.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock valued at $277,000 after purchasing an additional 200 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Wabash National Corporation by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 31,400 shares of the company’s stock valued at $690,000 after purchasing an additional 200 shares during the last quarter.

Shares of Wabash National Corporation (WNC) opened at 20.50 on Friday. The firm’s 50 day moving average is $20.39 and its 200-day moving average is $21.00. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16. The company has a market capitalization of $1.21 billion, a P/E ratio of 13.22 and a beta of 1.78.

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

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