Wabash National (NYSE:WNC) Shares Gap Down Following Weak Earnings

Wabash National Co. (NYSE:WNC) shares gapped down prior to trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $15.64, but opened at $15.24. Wabash National shares last traded at $16.09, with a volume of 210,287 shares traded.

The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a negative net margin of 10.94% and a positive return on equity of 22.98%. During the same quarter last year, the firm posted $1.07 earnings per share.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National’s dividend payout ratio (DPR) is currently -5.89%.

Insider Activity at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of Wabash National stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $17.19, for a total value of $25,785.00. Following the transaction, the senior vice president now directly owns 117,227 shares in the company, valued at approximately $2,015,132.13. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.78% of the company’s stock.

Hedge Funds Weigh In On Wabash National

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kathleen S. Wright Associates Inc. purchased a new stake in Wabash National during the 3rd quarter valued at approximately $27,000. Gladius Capital Management LP acquired a new position in shares of Wabash National in the third quarter valued at approximately $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Wabash National during the third quarter worth approximately $44,000. Point72 DIFC Ltd acquired a new stake in shares of Wabash National during the second quarter worth $100,000. Finally, EMC Capital Management grew its position in Wabash National by 88.1% in the 4th quarter. EMC Capital Management now owns 8,250 shares of the company’s stock valued at $141,000 after buying an additional 3,864 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

Wabash National Stock Up 4.8 %

The company has a market capitalization of $710.56 million, a price-to-earnings ratio of -3.02 and a beta of 1.57. 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 firm’s 50 day simple moving average is $17.76 and its 200-day simple moving average is $18.77.

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.