Wabash National (WNC) Set to Post Quarterly Earnings on Wednesday

Wabash National (NYSE:WNC - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Wabash National to post earnings of $0.45 per share for the quarter. Wabash National has set its FY 2024 guidance at 2.000-2.500 EPS and its FY24 guidance at $2.00-2.50 EPS.Investors interested in listening to the company's conference call can do so using this link.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.18. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The company had revenue of $596.10 million for the quarter, compared to the consensus estimate of $633.68 million. During the same period last year, the company earned $0.84 earnings per share. The firm's revenue was down 9.3% compared to the same quarter last year. On average, analysts expect Wabash National to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Wabash National Stock Down 2.9 %

WNC traded down $0.78 during trading hours on Wednesday, hitting $25.90. 695,548 shares of the company's stock were exchanged, compared to its average volume of 603,187. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 5.55 and a beta of 1.58. Wabash National has a 1-year low of $20.09 and a 1-year high of $30.07. The stock's 50-day moving average is $27.41 and its two-hundred day moving average is $24.77. The company has a quick ratio of 1.17, a current ratio of 1.93 and a debt-to-equity ratio of 0.72.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%. Wabash National's dividend payout ratio is 6.65%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Wabash National from a "buy" rating to a "hold" rating in a research report on Wednesday, April 10th.

Insider Buying and Selling

In other news, 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 transaction of $81,779.00. Following the transaction, the director now owns 114,146 shares in the company, valued at $3,024,869. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Larry J. Magee sold 3,086 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the sale, the director now owns 114,146 shares of the company's stock, valued at $3,024,869. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the company'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 completion of the transaction, the director now owns 6,386 shares in the company, valued at $172,805.16. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Wabash National by 30.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 517,085 shares of the company's stock valued at $13,248,000 after purchasing an additional 119,250 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Wabash National by 19.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 15,002 shares of the company's stock valued at $384,000 after buying an additional 2,440 shares during the period. Virtus Investment Advisers Inc. increased its holdings in Wabash National by 305.0% in the 4th quarter. Virtus Investment Advisers Inc. now owns 26,424 shares of the company's stock valued at $677,000 after buying an additional 19,900 shares during the period. Legal & General Group Plc raised its position in shares of Wabash National by 0.7% in the 4th quarter. Legal & General Group Plc now owns 131,579 shares of the company's stock valued at $3,371,000 after buying an additional 974 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Wabash National by 97.6% during the 4th quarter. Barclays PLC now owns 96,337 shares of the company's stock worth $2,469,000 after acquiring an additional 47,577 shares during the period. 97.05% of the stock is owned by institutional investors.

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.