Wabash National (NYSE:WNC) Issues FY24 Earnings Guidance

Wabash National (NYSE:WNC) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $1.25 for the period, compared to the consensus EPS estimate of $1.50. The company issued revenue guidance of $1.95 billion, compared to the consensus revenue estimate of $2.03 billion. Wabash National also updated its FY 2024 guidance to 1.250-1.250 EPS.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “neutral” rating and set a $18.00 price target on shares of Wabash National in a report on Monday, September 30th.

Wabash National Trading Up 6.4 %

NYSE:WNC traded up $1.08 during mid-day trading on Friday, hitting $17.98. 837,043 shares of the stock traded hands, compared to its average volume of 593,464. The stock has a market capitalization of $791.12 million, a price-to-earnings ratio of 5.52 and a beta of 1.52. Wabash National has a 52 week low of $15.94 and a 52 week high of $30.07. The firm’s 50 day moving average is $18.81 and its two-hundred day moving average is $21.11. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.72.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.06). The firm had revenue of $464.00 million for the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The business’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. On average, equities research analysts predict that Wabash National will post 1.53 earnings per share for the current year.

Wabash National Dividend Announcement

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

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.