Wabash National (NYSE:WNC) Releases Earnings Results, Misses Expectations By $0.06 EPS

Wabash National (NYSE:WNC) released its quarterly earnings data on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06), reports. Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The firm had revenue of $515.28 million for the quarter. Wabash National updated its FY24 guidance to $2.00-$2.50 EPS and its FY 2024 guidance to 2.000-2.500 EPS.

Wabash National Stock Performance

Shares of NYSE:WNC opened at $24.16 on Friday. The business’s fifty day moving average price is $27.29 and its two-hundred day moving average price is $24.91. Wabash National has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 5.77 and a beta of 1.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.17.

Wabash National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, April 3rd. Wabash National’s dividend payout ratio (DPR) is 7.69%.

Insider Transactions at Wabash National

In other news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the sale, the director now owns 114,146 shares in the company, valued at $3,024,869. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the sale, the director now owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry J. Magee sold 3,086 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now owns 114,146 shares in the company, valued at approximately $3,024,869. The disclosure for this sale can be found here. Company insiders own 1.13% of the company’s stock.

Institutional Trading of Wabash National

Large investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC lifted its stake in shares of Wabash National by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 30,225 shares of the company’s stock valued at $774,000 after acquiring an additional 404 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Wabash National by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company’s stock valued at $805,000 after acquiring an additional 447 shares during the period. Franklin Resources Inc. lifted its stake in shares of Wabash National by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 34,277 shares of the company’s stock valued at $878,000 after acquiring an additional 510 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Wabash National by 61.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after acquiring an additional 565 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Wabash National by 0.8% during the third quarter. Swiss National Bank now owns 104,300 shares of the company’s stock valued at $2,203,000 after acquiring an additional 800 shares during the period. Institutional investors own 97.05% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Wabash National from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th.

About Wabash National

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.