Zacks: Brokerages Expect Wabash National Corporation (NYSE:WNC) Will Post Earnings of $0.39 Per Share
Brokerages expect Wabash National Corporation (NYSE:WNC) to report earnings of $0.39 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Wabash National Corporation’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.40. Wabash National Corporation posted earnings of $0.50 per share in the same quarter last year, which would indicate a negative year over year growth rate of 22%. The firm is expected to issue its next quarterly earnings results on Monday, October 23rd.
On average, analysts expect that Wabash National Corporation will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.44 to $1.47. For the next year, analysts expect that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.42 to $1.51. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Wabash National Corporation.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The company had revenue of $435.90 million during the quarter, compared to the consensus estimate of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. Wabash National Corporation’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS.
Several research firms have recently commented on WNC. BidaskClub raised shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. BMO Capital Markets reissued a “hold” rating and set a $20.00 target price on shares of Wabash National Corporation in a research report on Friday, July 7th. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.71.
Shares of Wabash National Corporation (WNC) traded up 1.42% during trading on Wednesday, hitting $19.30. The stock had a trading volume of 738,295 shares. Wabash National Corporation has a 1-year low of $10.74 and a 1-year high of $24.16. The company has a market capitalization of $1.14 billion, a P/E ratio of 12.44 and a beta of 1.78. The firm has a 50-day moving average of $21.64 and a 200 day moving average of $20.84.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, June 2nd. Wabash National Corporation’s payout ratio is 15.48%.
A number of large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Wabash National Corporation during the first quarter worth about $108,000. TrimTabs Asset Management LLC increased its stake in shares of Wabash National Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock worth $155,000 after buying an additional 3,520 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Wabash National Corporation by 390.1% in the second quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock worth $163,000 after buying an additional 5,930 shares during the last quarter. Ronna Sue Cohen purchased a new stake in shares of Wabash National Corporation during the second quarter worth about $203,000. Finally, US Bancorp DE increased its stake in shares of Wabash National Corporation by 246.9% in the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock worth $215,000 after buying an additional 6,944 shares during the last quarter.
Wabash National Corporation Company Profile
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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