Wabash National (NYSE:WNC – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06), Briefing.com reports. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The firm had revenue of $464.00 million during the quarter, compared to analyst estimates of $477.35 million. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Wabash National’s quarterly revenue was down 26.7% compared to the same quarter last year. Wabash National updated its FY24 guidance to $1.25 EPS and its FY 2024 guidance to 1.250-1.250 EPS.
Wabash National Price Performance
Shares of WNC stock opened at $17.97 on Friday. The company has a market capitalization of $790.68 million, a P/E ratio of 5.51 and a beta of 1.52. The company has a current ratio of 1.99, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. Wabash National has a 12 month low of $15.94 and a 12 month high of $30.07. The stock has a 50 day moving average of $18.78 and a two-hundred day moving average of $21.03.
Wabash National Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.32 annualized dividend and a yield of 1.78%. Wabash National’s dividend payout ratio is 9.82%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on WNC
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.
Featured Stories
- Five stocks we like better than Wabash National
- What is the Australian Securities Exchange (ASX)
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How to Invest in Insurance Companies: A Guide
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- 3 Small Caps With Big Return Potential
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.