Equities Analysts Offer Predictions for Wabash National Co.’s Q2 2024 Earnings (NYSE:WNC)

Wabash National Co. (NYSE:WNC) – Equities researchers at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Wabash National in a report released on Monday, April 29th. DA Davidson analyst M. Shlisky anticipates that the company will earn $0.57 per share for the quarter. The consensus estimate for Wabash National’s current full-year earnings is $2.19 per share. DA Davidson also issued estimates for Wabash National’s FY2025 earnings at $2.73 EPS.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The business had revenue of $515.28 million during the quarter.

Separately, StockNews.com cut Wabash National from a “buy” rating to a “hold” rating in a research report on Friday.

Wabash National Trading Down 2.3 %

Shares of WNC stock opened at $24.05 on Tuesday. The business’s 50 day moving average is $27.21 and its two-hundred day moving average is $24.99. Wabash National has a twelve month low of $20.09 and a twelve month high of $30.07. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.08 billion, a P/E ratio of 5.78 and a beta of 1.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WNC. Exchange Traded Concepts LLC acquired a new position in Wabash National in the third quarter valued at $654,000. Raymond James & Associates increased its position in Wabash National by 161.7% during the 3rd quarter. Raymond James & Associates now owns 154,481 shares of the company’s stock worth $3,263,000 after purchasing an additional 95,441 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Wabash National by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after buying an additional 49,443 shares during the period. Inspire Investing LLC acquired a new position in Wabash National during the third quarter valued at approximately $308,000. Finally, TD Asset Management Inc purchased a new stake in Wabash National during the third quarter worth approximately $492,000. Institutional investors and hedge funds own 97.05% of the company’s stock.

Insider Activity at Wabash National

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now directly owns 6,386 shares in the company, valued at approximately $172,805.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Wabash National 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 transaction, the director now owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the sale, the director now directly owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The disclosure for this sale can be found here. 1.78% of the stock is owned by corporate insiders.

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 given a dividend of $0.08 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.33%. Wabash National’s dividend payout ratio is currently 7.69%.

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.