Wabash National (NYSE:WNC) Updates FY24 Earnings Guidance

Wabash National (NYSE:WNC) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.00-$2.50 for the period, compared to the consensus earnings per share estimate of $2.19. The company issued revenue guidance of $2.2-$2.4 billion, compared to the consensus revenue estimate of $2.25 billion. Wabash National also updated its FY 2024 guidance to 2.000-2.500 EPS.

Wabash National Price Performance

Wabash National stock traded up $0.04 during midday trading on Friday, reaching $24.04. The company’s stock had a trading volume of 170,017 shares, compared to its average volume of 606,729. The business has a 50-day moving average price of $27.29 and a 200-day moving average price of $24.91. Wabash National has a 52 week low of $20.09 and a 52 week high of $30.07. The stock has a market cap of $1.09 billion, a PE ratio of 5.77 and a beta of 1.58. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). 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. On average, sell-side analysts predict that Wabash National will post 2.19 EPS for the current year.

Wabash National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, April 3rd. Wabash National’s dividend payout ratio is currently 7.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Wabash National from a hold rating to a buy rating in a research note on Thursday, April 18th.

Insider Activity

In other news, Director Larry J. Magee sold 3,086 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s 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 completion of the sale, the director now owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry J. Magee sold 3,086 shares of the company’s 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 of the company’s stock, valued at approximately $3,024,869. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.

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.