Wabash National Corp. (WNC) Stock Price Down 2.4%
Shares of Wabash National Corp. (NYSE:WNC) fell 2.4% on Friday . The stock traded as low as $14.01 and last traded at $14.02, with a volume of 826,870 shares traded. The stock had previously closed at $14.37.
Several brokerages have weighed in on WNC. Zacks Investment Research cut Wabash National Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Stifel Nicolaus cut Wabash National Corp. from a “hold” rating to a “sell” rating and set a $11.00 price objective for the company. in a report on Monday, June 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.20.
The company has a market capitalization of $896.77 million and a P/E ratio of 7.35. The company’s 50 day moving average price is $13.64 and its 200 day moving average price is $13.17.
Wabash National Corp. (NYSE:WNC) last released its earnings results on Tuesday, July 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. During the same period last year, the company posted $0.33 earnings per share. The company had revenue of $471.44 million for the quarter, compared to analyst estimates of $490.19 million. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts predict that Wabash National Corp. will post $1.86 earnings per share for the current year.
In related news, SVP Erin Jennifer Roth sold 18,150 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $14.25, for a total value of $258,637.50. Following the sale, the senior vice president now directly owns 87,270 shares of the company’s stock, valued at $1,243,597.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Wabash National Corporation is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers, intermodal equipment and transportation related products. The Company’s segments include Commercial Trailer Products, Diversified Products, Retail, and Corporate and Eliminations.
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