DA Davidson Reduces Earnings Estimates for Wabash National

Wabash National Co. (NYSE:WNC) – Analysts at DA Davidson dropped their FY2025 EPS estimates for Wabash National in a report released on Monday, February 3rd. DA Davidson analyst M. Shlisky now forecasts that the company will post earnings of $0.94 per share for the year, down from their previous estimate of $1.24. The consensus estimate for Wabash National’s current full-year earnings is $0.95 per share.

Wabash National (NYSE:WNC) last announced its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Wabash National had a positive return on equity of 14.72% and a negative net margin of 14.59%. During the same period in the previous year, the company posted $1.07 earnings per share.

Wabash National Stock Down 1.5 %

WNC stock opened at $14.85 on Wednesday. Wabash National has a 1-year low of $14.73 and a 1-year high of $30.07. The stock has a market cap of $643.34 million, a P/E ratio of -2.28 and a beta of 1.55. The stock’s fifty day simple moving average is $17.39 and its two-hundred day simple moving average is $18.51. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Friday, January 10th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.32 dividend on an annualized basis and a yield of 2.16%. Wabash National’s dividend payout ratio (DPR) is presently -4.91%.

Insiders Place Their Bets

In other news, SVP Michael N. Pettit sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the sale, the senior vice president now owns 117,227 shares of the company’s stock, valued at $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Wabash National

A number of large investors have recently made changes to their positions in WNC. Barclays PLC lifted its stake in Wabash National by 121.4% in the 3rd quarter. Barclays PLC now owns 163,251 shares of the company’s stock worth $3,132,000 after purchasing an additional 89,522 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Wabash National by 46.8% in the third quarter. Jane Street Group LLC now owns 160,946 shares of the company’s stock worth $3,089,000 after purchasing an additional 51,274 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Wabash National in the third quarter worth $192,000. BNP Paribas Financial Markets boosted its stake in Wabash National by 75.9% during the third quarter. BNP Paribas Financial Markets now owns 84,590 shares of the company’s stock valued at $1,623,000 after buying an additional 36,490 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Wabash National by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 856,438 shares of the company’s stock worth $16,435,000 after buying an additional 46,451 shares in the last quarter. 97.05% of the stock is owned by institutional investors.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.