Wabash National (NYSE:WNC)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Seaport Global Securities in a report released on Tuesday. Seaport Global Securities also issued estimates for Wabash National’s Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.33 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.65 EPS and FY2019 earnings at $1.75 EPS.

Several other equities research analysts have also issued reports on the company. OTR Global lowered Wabash National to a “positive” rating in a research note on Thursday, December 14th. BMO Capital Markets reaffirmed a “hold” rating on shares of Wabash National in a research note on Monday, October 23rd. Zacks Investment Research lowered Wabash National from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Stifel Nicolaus lowered their price objective on Wabash National from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, November 6th. Finally, ValuEngine raised Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.83.

Shares of Wabash National (NYSE WNC) opened at $22.30 on Tuesday. The stock has a market capitalization of $1,310.00, a P/E ratio of 16.52, a PEG ratio of 0.63 and a beta of 1.69. Wabash National has a one year low of $16.74 and a one year high of $24.16. The company has a quick ratio of 1.18, a current ratio of 2.03 and a debt-to-equity ratio of 1.04.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $425.10 million during the quarter, compared to the consensus estimate of $449.05 million. Wabash National had a net margin of 5.05% and a return on equity of 18.42%. Wabash National’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. sell-side analysts predict that Wabash National will post 1.35 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Wabash National during the 1st quarter worth approximately $108,000. Meeder Asset Management Inc. lifted its stake in shares of Wabash National by 390.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock worth $163,000 after acquiring an additional 5,930 shares during the last quarter. TrimTabs Asset Management LLC lifted its stake in shares of Wabash National by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock worth $155,000 after acquiring an additional 3,520 shares during the last quarter. Teacher Retirement System of Texas raised its position in Wabash National by 12.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,136 shares of the company’s stock valued at $116,000 after purchasing an additional 984 shares in the last quarter. Finally, Ronna Sue Cohen bought a new stake in Wabash National during the 2nd quarter valued at $203,000.

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About Wabash National

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.

Analyst Recommendations for Wabash National (NYSE:WNC)

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