Wabash National Co. to Post FY2024 Earnings of $2.12 Per Share, DA Davidson Forecasts (NYSE:WNC)

Wabash National Co. (NYSE:WNC) – Stock analysts at DA Davidson boosted their FY2024 EPS estimates for shares of Wabash National in a research note issued on Monday, April 29th. DA Davidson analyst M. Shlisky now forecasts that the company will post earnings per share of $2.12 for the year, up from their prior estimate of $2.08. The consensus estimate for Wabash National’s current full-year earnings is $2.19 per share.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The business had revenue of $515.28 million during the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%.

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

Wabash National Stock Performance

NYSE:WNC opened at $22.69 on Wednesday. Wabash National has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.11 and a current ratio of 1.87. The company has a 50 day moving average price of $27.11 and a 200 day moving average price of $24.98. The stock has a market capitalization of $1.02 billion, a P/E ratio of 5.45 and a beta of 1.58.

Hedge Funds Weigh In On Wabash National

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. purchased a new position in shares of Wabash National in the third quarter valued at $1,595,000. AQR Capital Management LLC raised its position in shares of Wabash National by 12.7% in the third quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock valued at $11,559,000 after buying an additional 61,887 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Wabash National by 99.0% during the third quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock valued at $5,582,000 after buying an additional 131,512 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Wabash National by 143.4% during the third quarter. Quantbot Technologies LP now owns 38,185 shares of the company’s stock worth $806,000 after purchasing an additional 22,495 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Wabash National by 9.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock worth $12,525,000 after buying an additional 49,443 shares during the last quarter. 97.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Wabash National

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the transaction, the director now directly owns 114,146 shares of the company’s stock, valued at $3,024,869. The disclosure for this sale can be found here. Insiders own 1.78% of the company’s stock.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Wednesday, April 3rd. Wabash National’s dividend payout ratio is currently 7.69%.

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.