Wabash National Corporation (WNC) Set to Announce Quarterly Earnings on Tuesday
Wabash National Corporation (NYSE:WNC) is scheduled to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
Wabash National Corporation (NYSE:WNC) last posted its earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.05). The company had revenue of $435.90 million for the quarter, compared to the consensus estimate of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. Wabash National Corporation’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. On average, analysts expect Wabash National Corporation to post $1.46 EPS for the current fiscal year and $1.52 EPS for the next fiscal year.
Wabash National Corporation (NYSE:WNC) traded up 2.33% during trading on Tuesday, reaching $22.79. 187,170 shares of the company’s stock traded hands. Wabash National Corporation has a one year low of $10.74 and a one year high of $24.16. The company has a 50 day moving average of $21.74 and a 200 day moving average of $21.26. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 14.69 and a beta of 1.78.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio (DPR) is 15.48%.
A number of equities research analysts recently commented on WNC shares. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 target price on shares of Wabash National Corporation in a report on Friday, July 7th. BidaskClub raised Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Wabash National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Stifel Nicolaus set a $22.00 target price on Wabash National Corporation and gave the stock a “hold” rating in a report on Thursday, August 10th. Finally, Craig Hallum raised Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.86.
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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