Brokers Issue Forecasts for Wabash National Co.’s Q2 2024 Earnings (NYSE:WNC)

Wabash National Co. (NYSE:WNC) – Analysts at DA Davidson lowered their Q2 2024 earnings estimates for Wabash National in a report released on Monday, June 17th. DA Davidson analyst M. Shlisky now expects that the company will earn $0.39 per share for the quarter, down from their prior forecast of $0.57. DA Davidson currently has a “Neutral” rating and a $23.00 target price on the stock. The consensus estimate for Wabash National’s current full-year earnings is $2.18 per share. DA Davidson also issued estimates for Wabash National’s FY2024 earnings at $2.09 EPS and FY2025 earnings at $2.53 EPS.

Separately, StockNews.com cut Wabash National from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Wabash National Stock Up 0.5 %

WNC opened at $21.38 on Wednesday. Wabash National has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.11. The firm’s fifty day moving average price is $23.00 and its two-hundred day moving average price is $25.17. The company has a market capitalization of $962.53 million, a P/E ratio of 5.14 and a beta of 1.60.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The firm had revenue of $515.28 million during the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%.

Institutional Investors Weigh In On Wabash National

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gladius Capital Management LP bought a new position in Wabash National during the 4th quarter worth $36,000. Quadrant Capital Group LLC increased its position in Wabash National by 61.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $38,000 after buying an additional 565 shares during the period. Tradewinds Capital Management LLC bought a new position in Wabash National during the 1st quarter worth $48,000. EntryPoint Capital LLC grew its holdings in shares of Wabash National by 240.8% during the 1st quarter. EntryPoint Capital LLC now owns 4,628 shares of the company’s stock worth $139,000 after purchasing an additional 3,270 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Wabash National by 124.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,365 shares of the company’s stock worth $200,000 after purchasing an additional 5,192 shares in the last quarter. Institutional investors own 97.05% of the company’s stock.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, July 3rd. Wabash National’s dividend 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.