Wabash National (WNC) Set to Post Earnings on Thursday

Wabash National (NYSE:WNC) is scheduled to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect Wabash National to post earnings of $0.25 per share for the quarter. Wabash National has set its FY 2024 guidance at 1.500-1.600 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share for the quarter, beating 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 firm had revenue of $550.61 million for the quarter, compared to analysts’ expectations of $594.77 million. During the same quarter in the previous year, the company posted $1.54 EPS. The company’s revenue was down 19.8% compared to the same quarter last year. On average, analysts expect Wabash National to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Wabash National Stock Performance

Wabash National stock opened at $18.90 on Thursday. The stock has a market cap of $831.60 million, a price-to-earnings ratio of 5.80 and a beta of 1.52. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.15. The firm has a 50 day simple moving average of $19.01 and a 200-day simple moving average of $21.51. Wabash National has a 1-year low of $17.68 and a 1-year high of $30.07.

Wabash National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a yield of 1.69%. Wabash National’s dividend payout ratio is currently 9.82%.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed a “neutral” rating and set a $18.00 price objective on shares of Wabash National in a research report 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.