Somewhat Favorable News Coverage Somewhat Unlikely to Affect Wabash National Corporation (WNC) Stock Price
News stories about Wabash National Corporation (NYSE:WNC) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wabash National Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.7797941463862 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Wabash National Corporation (NYSE:WNC) Upgraded at BidaskClub (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Wabash National Corp. (finance.yahoo.com)
- Wabash National buys out Supreme Industries (seekingalpha.com)
- Wabash National Agrees to Acquire Supreme Industries (insideindianabusiness.com)
- Wabash National to buy Supreme Industries for $21/share (seekingalpha.com)
Several research analysts have recently weighed in on WNC shares. Zacks Investment Research lowered shares of Wabash National Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Stifel Nicolaus set a $22.00 price objective on shares of Wabash National Corporation and gave the stock a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine upgraded shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Aegis increased their price objective on shares of Wabash National Corporation from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Wabash National Corporation has a consensus rating of “Hold” and an average target price of $20.57.
Shares of Wabash National Corporation (WNC) opened at 20.59 on Friday. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16. The firm has a market cap of $1.22 billion, a P/E ratio of 13.28 and a beta of 1.78. The company’s 50-day moving average is $21.27 and its 200-day moving average is $20.90.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The firm had revenue of $435.90 million for the quarter, compared to analyst estimates of $436.85 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. Equities research analysts forecast that Wabash National Corporation will post $1.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 6th were issued a $0.06 dividend. The ex-dividend date was Friday, June 2nd. This represents a $0.24 annualized dividend and a yield of 1.17%. Wabash National Corporation’s dividend payout ratio (DPR) is currently 15.48%.
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About Wabash National Corporation
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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