Wabash National (NYSE:WNC) Updates FY 2024 Earnings Guidance

Wabash National (NYSE:WNC) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.250-1.250 for the period, compared to the consensus estimate of 1.500. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Wabash National also updated its FY24 guidance to $1.25 EPS.

Analyst Upgrades and Downgrades

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

Wabash National Stock Down 0.9 %

WNC stock traded down $0.16 during mid-day trading on Thursday, reaching $16.90. The company had a trading volume of 1,187,089 shares, compared to its average volume of 592,282. The firm has a fifty day simple moving average of $18.81 and a 200 day simple moving average of $21.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99. The company has a market capitalization of $743.60 million, a price-to-earnings ratio of 5.18 and a beta of 1.52. Wabash National has a fifty-two week low of $15.94 and a fifty-two week high of $30.07.

Wabash National (NYSE:WNC) last posted its quarterly earnings results 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 company had revenue of $550.61 million during the quarter, compared to analysts’ expectations of $594.77 million. During the same quarter in the previous year, the business posted $1.54 EPS. The firm’s revenue was down 19.8% on a year-over-year basis. Analysts forecast that Wabash National will post 1.53 earnings per share for the current fiscal year.

Wabash National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, October 10th. Wabash National’s dividend payout ratio is presently 9.82%.

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.