Wabash National (NYSE:WNC – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.500-1.600 for the period, compared to the consensus estimate of 2.050. The company issued revenue guidance of $2.0 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.
Analysts Set New Price Targets
Several research firms have issued reports on WNC. DA Davidson reaffirmed a neutral rating and issued a $23.00 price target on shares of Wabash National in a report on Monday, June 24th. StockNews.com lowered shares of Wabash National from a buy rating to a hold rating in a report on Friday, April 26th.
Check Out Our Latest Report on Wabash National
Wabash National Price Performance
Wabash National (NYSE:WNC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The business had revenue of $550.61 million during the quarter, compared to the consensus estimate of $594.77 million. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue for the quarter was down 19.8% compared to the same quarter last year. Analysts forecast that Wabash National will post 1.55 EPS for the current fiscal year.
Wabash National Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.52%. Wabash National’s payout ratio is currently 7.69%.
Wabash National Company Profile
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.
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