Wabash National (NYSE:WNC) Posts Earnings Results

Wabash National (NYSE:WNC) announced its quarterly earnings data on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.06), Briefing.com reports. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The company had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $477.35 million. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. Wabash National updated its FY24 guidance to $1.25 EPS and its FY 2024 guidance to 1.250-1.250 EPS.

Wabash National Stock Up 6.4 %

Shares of NYSE:WNC traded up $1.08 during mid-day trading on Friday, hitting $17.98. 837,042 shares of the company traded hands, compared to its average volume of 593,464. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99. Wabash National has a 52-week low of $15.94 and a 52-week high of $30.07. The firm’s 50 day simple moving average is $18.81 and its 200 day simple moving average is $21.11. The firm has a market cap of $791.12 million, a P/E ratio of 5.48 and a beta of 1.52.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, October 10th. Wabash National’s payout ratio is 9.82%.

Analyst Ratings Changes

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

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.