Wabash National (NYSE:WNC - Get Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.500-0.550 for the period, compared to the consensus EPS estimate of 0.570. The company issued revenue guidance of $550.0 million-$600.0 million, compared to the consensus revenue estimate of $562.9 million.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Wabash National from a hold rating to a buy rating in a research note on Thursday, April 18th.
Get Our Latest Research Report on WNC
Wabash National Stock Performance
Shares of WNC stock traded down $0.42 during midday trading on Thursday, hitting $24.00. The company had a trading volume of 752,054 shares, compared to its average volume of 612,254. The company's 50 day simple moving average is $27.29 and its 200 day simple moving average is $24.91. Wabash National has a 52-week low of $20.09 and a 52-week high of $30.07. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 4.99 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17.
Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). The business had revenue of $515.28 million during the quarter. Wabash National had a net margin of 9.12% and a return on equity of 46.87%. Research analysts anticipate that Wabash National will post 2.19 earnings per share for the current fiscal year.
Wabash National Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.33%. Wabash National's dividend payout ratio is currently 6.65%.
Insider Activity
In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the sale, the director now directly owns 6,386 shares of the company's stock, valued at approximately $172,805.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction 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 completion of the transaction, the director now directly owns 114,146 shares of the company's stock, valued at $3,024,869. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company's stock, valued at $172,805.16. The disclosure for this sale can be found here. Insiders own 1.13% of the company's stock.
Wabash National Company Profile
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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.
Further Reading
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