Wabash National Co. (NYSE:WNC) Declares Quarterly Dividend of $0.08

Wabash National Co. (NYSE:WNC) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Thursday, January 9th will be given a dividend of 0.08 per share on Thursday, January 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, January 9th.

Wabash National has raised its dividend by an average of 10.1% annually over the last three years. Wabash National has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Wabash National to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 25.8%.

Wabash National Price Performance

WNC stock traded up $0.41 on Friday, hitting $19.32. 191,761 shares of the company’s stock traded hands, compared to its average volume of 583,633. The stock has a market cap of $837.33 million, a price-to-earnings ratio of -3.48 and a beta of 1.54. Wabash National has a 1-year low of $15.94 and a 1-year high of $30.07. The company has a current ratio of 1.88, a quick ratio of 1.12 and a debt-to-equity ratio of 1.97. The stock has a fifty day moving average of $18.64 and a 200-day moving average of $20.17.

Wabash National (NYSE:WNC) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. The firm had revenue of $464.00 million for the quarter, compared to analyst estimates of $477.35 million. During the same period last year, the firm earned $1.16 earnings per share. Wabash National’s revenue for the quarter was down 26.7% compared to the same quarter last year. On average, analysts forecast that Wabash National will post 1.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “neutral” rating and issued a $18.00 price objective on shares of Wabash National in a research report on Monday, September 30th.

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.