DA Davidson Reduces Earnings Estimates for Wabash National

Key Points

• DA Davidson has revised Wabash National's FY2025 earnings per share (EPS) estimate to ($1.23), a significant decrease from the prior estimate of ($0.70).
• The company recently reported a quarterly EPS of (0.15), exceeding analyst expectations, but its revenue has dropped 16.7% compared to the same quarter last year.
• Wabash National announced a quarterly dividend of $0.08 per share, resulting in an annualized yield of 3.22%.

Wabash National Corporation (NYSE:WNC - Free Report) - Analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for Wabash National in a research report issued to clients and investors on Tuesday, July 29th. DA Davidson analyst M. Shlisky now forecasts that the company will post earnings per share of ($1.23) for the year, down from their previous forecast of ($0.70). DA Davidson has a "Neutral" rating and a $9.50 price objective on the stock. The consensus estimate for Wabash National's current full-year earnings is $0.94 per share. DA Davidson also issued estimates for Wabash National's FY2026 earnings at $0.70 EPS.

Wabash National (NYSE:WNC - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $435.75 million. During the same period last year, the company posted $0.64 earnings per share. The firm's revenue was down 16.7% compared to the same quarter last year.

Wabash National Stock Down 3.9%

Shares of NYSE WNC traded down $0.39 during midday trading on Thursday, reaching $9.57. 632,752 shares of the company's stock were exchanged, compared to its average volume of 1,011,000. Wabash National has a 52-week low of $6.78 and a 52-week high of $20.63. The stock has a market capitalization of $391.78 million, a PE ratio of -3.95 and a beta of 1.65. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.00 and a current ratio of 1.68. The business's fifty day moving average price is $10.15 and its two-hundred day moving average price is $11.07.

Institutional Trading of Wabash National

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its position in shares of Wabash National by 255.9% during the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company's stock worth $26,000 after acquiring an additional 1,722 shares during the last quarter. Allworth Financial LP increased its position in shares of Wabash National by 268.8% during the first quarter. Allworth Financial LP now owns 3,220 shares of the company's stock worth $34,000 after acquiring an additional 2,347 shares during the last quarter. Curat Global LLC purchased a new stake in shares of Wabash National during the first quarter worth about $37,000. CWM LLC increased its position in shares of Wabash National by 1,520.7% during the first quarter. CWM LLC now owns 5,235 shares of the company's stock worth $58,000 after acquiring an additional 4,912 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Wabash National by 982.1% during the first quarter. GAMMA Investing LLC now owns 7,683 shares of the company's stock worth $85,000 after acquiring an additional 6,973 shares during the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, July 3rd. Wabash National's payout ratio is presently -13.22%.

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.