Wabash National (WNC) to Release Earnings on Wednesday

Wabash National (NYSE:WNC) will be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Wabash National to post earnings of $0.45 per share for the quarter. Wabash National has set its FY 2024 guidance at 2.000-2.500 EPS and its FY24 guidance at $2.00-2.50 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The firm had revenue of $596.10 million for the quarter, compared to analysts’ expectations of $633.68 million. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, analysts expect Wabash National to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Wabash National Price Performance

Wabash National stock opened at $26.68 on Wednesday. The company’s fifty day moving average price is $27.41 and its 200 day moving average price is $24.77. Wabash National has a 1 year low of $20.09 and a 1 year high of $30.07. The stock has a market capitalization of $1.20 billion, a P/E ratio of 5.55 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.17 and a current ratio of 1.93.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 annualized dividend and a yield of 1.20%. Wabash National’s dividend payout ratio (DPR) is presently 6.65%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Wabash National from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th.

Insiders Place Their Bets

In other news, Director Larry J. Magee sold 3,086 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Larry J. Magee sold 3,086 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares in the company, valued at approximately $172,805.16. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Wabash National

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Wabash National in the 1st quarter valued at about $26,000. Quarry LP increased its stake in Wabash National by 451.5% during the first quarter. Quarry LP now owns 2,002 shares of the company’s stock worth $49,000 after purchasing an additional 1,639 shares during the period. Tower Research Capital LLC TRC increased its stake in Wabash National by 123.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock worth $59,000 after purchasing an additional 2,108 shares during the period. Captrust Financial Advisors increased its stake in Wabash National by 62.4% during the first quarter. Captrust Financial Advisors now owns 4,470 shares of the company’s stock worth $66,000 after purchasing an additional 1,717 shares during the period. Finally, Metropolitan Life Insurance Co NY increased its stake in Wabash National by 21.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,998 shares of the company’s stock worth $68,000 after purchasing an additional 535 shares during the period. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Company Profile

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.