Wabash National (NYSE:WNC – Get Free Report) 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.
View Our Latest Stock Analysis on Wabash National
Wabash National Stock Down 0.9 %
Wabash National (NYSE:WNC – Get Free Report) 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.
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