Wabash National Corporation Announces Quarterly Dividend of $0.08 (NYSE:WNC)

Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Thursday, July 2nd will be given a dividend of 0.08 per share on Thursday, July 23rd. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Thursday, July 2nd.

Wabash National has raised its dividend payment by an average of 0.1%per year over the last three years. Wabash National has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wabash National to earn $1.57 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 20.4%.

Wabash National Trading Down 0.7%

Shares of WNC opened at $6.82 on Friday. Wabash National has a 52-week low of $6.72 and a 52-week high of $12.94. The stock has a market cap of $277.17 million, a PE ratio of -4.26 and a beta of 1.61. The firm’s fifty day moving average is $8.56 and its two-hundred day moving average is $9.18. The company has a quick ratio of 0.77, a current ratio of 1.33 and a debt-to-equity ratio of 1.55.

Wabash National (NYSE:WNC) last issued its earnings results on Friday, May 1st. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.16). The business had revenue of $303.23 million during the quarter, compared to analyst estimates of $319.03 million. Wabash National had a negative net margin of 4.41% and a negative return on equity of 30.16%. Wabash National’s quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.58) earnings per share. Research analysts forecast that Wabash National will post -1.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WNC shares. Wall Street Zen lowered shares of Wabash National from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 21st. Weiss Ratings upgraded Wabash National from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, DA Davidson reduced their price target on Wabash National from $11.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $8.75.

Wabash National Company Profile

Wabash National Corporation (NYSE: WNC) is a leading designer and manufacturer of transportation equipment and supply chain solutions. The company’s product portfolio includes dry freight van trailers, refrigerated vans, tank trailers, platform trailers, flatbeds and composite bodies. Wabash National also offers railcar products and modular building solutions, serving customers in a wide range of end markets such as food and beverage, chemicals, agriculture, waste management and construction.

Founded in 1985 and headquartered in Lafayette, Indiana, Wabash National has built a reputation for innovation in lightweight materials, advanced manufacturing processes and telematics integration.