Analysts Offer Predictions for Wabash National Co.’s Q3 2024 Earnings (NYSE:WNC)

Wabash National Co. (NYSE:WNC) – Equities researchers at DA Davidson issued their Q3 2024 earnings estimates for shares of Wabash National in a report issued on Thursday, July 25th. DA Davidson analyst M. Shlisky forecasts that the company will earn $0.25 per share for the quarter. DA Davidson has a “Neutral” rating and a $23.00 price objective on the stock. The consensus estimate for Wabash National’s current full-year earnings is $1.55 per share.

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

Wabash National Price Performance

Shares of NYSE WNC opened at $20.50 on Friday. The stock’s 50-day simple moving average is $21.63 and its 200-day simple moving average is $24.52. The firm has a market capitalization of $922.91 million, a PE ratio of 4.93 and a beta of 1.56. Wabash National has a fifty-two week low of $20.00 and a fifty-two week high of $30.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.99.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The business had revenue of $550.61 million during the quarter, compared to analysts’ expectations of $594.77 million. During the same quarter last year, the business posted $1.54 EPS. The business’s quarterly revenue was down 19.8% compared to the same quarter last year.

Wabash National Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Wednesday, July 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, July 3rd. Wabash National’s dividend payout ratio (DPR) is 7.69%.

Institutional Investors Weigh In On Wabash National

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wakefield Asset Management LLLP raised its position in Wabash National by 11.5% in the 4th quarter. Wakefield Asset Management LLLP now owns 31,302 shares of the company’s stock valued at $802,000 after purchasing an additional 3,240 shares during the last quarter. Kendall Capital Management boosted its stake in shares of Wabash National by 55.8% during the fourth quarter. Kendall Capital Management now owns 21,520 shares of the company’s stock worth $551,000 after buying an additional 7,710 shares during the period. Mutual of America Capital Management LLC purchased a new position in shares of Wabash National during the fourth quarter worth about $207,000. Louisiana State Employees Retirement System acquired a new position in Wabash National in the 4th quarter valued at about $592,000. Finally, Mackenzie Financial Corp acquired a new stake in Wabash National during the 4th quarter worth approximately $237,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

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.