$0.41 EPS Expected for Wabash National Corporation (WNC) This Quarter
Equities analysts predict that Wabash National Corporation (NYSE:WNC) will report $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Wabash National Corporation’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.43. Wabash National Corporation posted earnings of $0.38 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The firm is expected to report its next earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that Wabash National Corporation will report full-year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.35 to $1.50. For the next year, analysts forecast that the company will post earnings of $1.56 per share, with EPS estimates ranging from $1.45 to $1.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Wabash National Corporation.
Wabash National Corporation (NYSE:WNC) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Wabash National Corporation had a net margin of 5.05% and a return on equity of 18.42%. The company had revenue of $425.10 million for the quarter, compared to the consensus estimate of $449.05 million. During the same period in the prior year, the firm posted $0.50 EPS. The business’s revenue for the quarter was down 8.4% on a year-over-year basis.
Several analysts have issued reports on WNC shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Wabash National Corporation in a research note on Friday, July 7th. BidaskClub raised Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Craig Hallum raised Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. ValuEngine lowered Wabash National Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Wabash National Corporation has a consensus rating of “Hold” and a consensus target price of $22.86.
Wabash National Corporation (NYSE:WNC) traded down $1.67 during trading hours on Friday, reaching $19.71. The company’s stock had a trading volume of 1,740,000 shares, compared to its average volume of 635,498. Wabash National Corporation has a twelve month low of $10.74 and a twelve month high of $24.16. The company has a quick ratio of 1.31, a current ratio of 2.03 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1,160.00, a price-to-earnings ratio of 15.27, a PEG ratio of 0.74 and a beta of 1.71.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio (DPR) is 17.78%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its stake in Wabash National Corporation by 390.1% during 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 bought a new position in Wabash National Corporation during the second quarter valued at approximately $203,000. Hikari Power Ltd bought a new position in Wabash National Corporation during the second quarter valued at approximately $209,000. US Bancorp DE boosted its stake in Wabash National Corporation by 246.9% during the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock valued at $215,000 after buying an additional 6,944 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Wabash National Corporation during the second quarter valued at approximately $235,000.
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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