Wabash National (WNC) Stock Price Down 5.9%
Wabash National Co. (NYSE:WNC)’s share price dropped 5.9% during mid-day trading on Thursday . The stock traded as low as $19.02 and last traded at $19.09. Approximately 1,468,123 shares changed hands during trading, an increase of 53% from the average daily volume of 957,758 shares. The stock had previously closed at $20.28.
WNC has been the subject of several analyst reports. Craig Hallum reissued a “buy” rating and set a $27.00 price target on shares of Wabash National in a report on Friday, October 6th. ValuEngine cut shares of Wabash National from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and issued a $22.00 price objective on shares of Wabash National in a research report on Tuesday, September 12th. Finally, BMO Capital Markets restated a “hold” rating on shares of Wabash National in a research report on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $22.86.
The company has a current ratio of 2.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.04. The firm has a market cap of $1,180.15, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.68 and a beta of 1.68.
Wabash National (NYSE:WNC) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $425.10 million during the quarter, compared to analyst estimates of $449.05 million. Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. analysts predict that Wabash National Co. will post 1.37 earnings per share for the current year.
Several large investors have recently modified their holdings of WNC. Hikari Power Ltd acquired a new stake in shares of Wabash National during the 2nd quarter worth approximately $209,000. US Bancorp DE grew its position in shares of Wabash National by 246.9% during the 2nd 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 period. Trexquant Investment LP acquired a new stake in shares of Wabash National during the 2nd quarter worth approximately $235,000. ETRADE Capital Management LLC acquired a new stake in shares of Wabash National during the 2nd quarter worth approximately $257,000. Finally, TrimTabs Asset Management LLC grew its position in shares of Wabash National by 65.9% during the 2nd quarter. TrimTabs Asset Management LLC now owns 12,407 shares of the company’s stock worth $273,000 after buying an additional 4,928 shares during the period.
Wabash National 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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