Equities Analysts Set Expectations for Wabash National Co.'s Q2 2024 Earnings (NYSE:WNC)

Wabash National Co. (NYSE:WNC - Free Report) - DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Wabash National in a research note issued to investors on Monday, April 29th. DA Davidson analyst M. Shlisky forecasts that the company will post earnings per share of $0.57 for the quarter. The consensus estimate for Wabash National's current full-year earnings is $2.19 per share. DA Davidson also issued estimates for Wabash National's FY2025 earnings at $2.73 EPS.

Separately, StockNews.com downgraded Wabash National from a "buy" rating to a "hold" rating in a research report on Friday.

Wabash National Price Performance

WNC stock traded down $0.93 during trading on Tuesday, hitting $23.12. The company had a trading volume of 828,312 shares, compared to its average volume of 616,471. The company has a fifty day moving average price of $27.21 and a two-hundred day moving average price of $24.99. The company has a current ratio of 1.87, a quick ratio of 1.11 and a debt-to-equity ratio of 0.73. Wabash National has a fifty-two week low of $20.09 and a fifty-two week high of $30.07. The company has a market cap of $1.04 billion, a P/E ratio of 5.78 and a beta of 1.58.

Wabash National (NYSE:WNC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a return on equity of 37.84% and a net margin of 8.15%. The firm had revenue of $515.28 million for the quarter.

Institutional Trading of Wabash National

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC raised its holdings in Wabash National by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 30,225 shares of the company's stock worth $774,000 after acquiring an additional 404 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Wabash National by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 31,423 shares of the company's stock worth $805,000 after acquiring an additional 447 shares in the last quarter. Franklin Resources Inc. raised its holdings in Wabash National by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 34,277 shares of the company's stock worth $878,000 after acquiring an additional 510 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Wabash National by 61.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company's stock worth $38,000 after acquiring an additional 565 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Wabash National by 0.8% during the third quarter. Swiss National Bank now owns 104,300 shares of the company's stock worth $2,203,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 97.05% of the company's stock.

Insider Activity at Wabash National

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the business's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now directly owns 114,146 shares of the company's stock, valued at $3,024,869. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the transaction, the director now directly owns 6,386 shares of the company's stock, valued at $172,805.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry J. Magee sold 3,086 shares of the company's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now owns 114,146 shares in the company, valued at approximately $3,024,869. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by corporate insiders.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were issued a $0.08 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. Wabash National's dividend payout ratio is presently 7.69%.

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.