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

Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Wednesday, August 20th, RTT News reports. Shareholders of record on Thursday, October 2nd will be paid a dividend of 0.08 per share on Thursday, October 23rd. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, October 2nd.

Wabash National has a dividend payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wabash National to earn $1.90 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 16.8%.

Wabash National Trading Down 0.3%

Shares of WNC stock opened at $10.1050 on Friday. Wabash National has a 12 month low of $6.78 and a 12 month high of $20.63. The company has a quick ratio of 1.00, a current ratio of 1.68 and a debt-to-equity ratio of 1.13. The business’s 50 day moving average is $10.47 and its two-hundred day moving average is $10.49. The company has a market cap of $413.70 million, a PE ratio of -4.18 and a beta of 1.65.

Wabash National (NYSE:WNC) last announced its quarterly earnings results on Friday, July 25th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.16. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.The company had revenue of $458.82 million for the quarter, compared to the consensus estimate of $435.75 million. During the same quarter last year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. Wabash National has set its FY 2025 guidance at -1.300–1.000 EPS. Q3 2025 guidance at -0.300–0.200 EPS. Equities analysts predict that Wabash National will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson increased their price objective on Wabash National from $7.50 to $9.50 and gave the company a “neutral” rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.50.

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.