Wabash National (NYSE:WNC) Issues Quarterly Earnings Results

Key Points

• Wabash National reported a quarterly EPS of ($0.15), beating the consensus estimate of ($0.31) by $0.16 and generating revenue of $458.82 million, exceeding the estimated $435.75 million.
• The company's revenue decreased by 16.7% compared to the same quarter last year, with an updated FY 2025 guidance of -1.300 to -1.000 EPS.
• Wabash National declared a quarterly dividend of $0.08 per share, representing an annualized dividend of $0.32 with a yield of 3.20%.

Wabash National (NYSE:WNC - Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.16, Zacks reports. The firm had revenue of $458.82 million for the quarter, compared to the consensus estimate of $435.75 million. Wabash National had a negative net margin of 6.38% and a negative return on equity of 7.91%. The firm's quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. Wabash National updated its FY 2025 guidance to -1.300--1.000 EPS and its Q3 2025 guidance to -0.300--0.200 EPS.

Wabash National Stock Performance

Shares of NYSE WNC traded down $0.45 during trading hours on Wednesday, hitting $10.02. 298,183 shares of the stock were exchanged, compared to its average volume of 1,021,353. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.68 and a quick ratio of 1.00. The company's 50 day moving average is $10.11 and its 200 day moving average is $11.13. The firm has a market capitalization of $419.33 million, a P/E ratio of -4.13 and a beta of 1.65. Wabash National has a one year low of $6.78 and a one year high of $21.99.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 3.20%. Wabash National's dividend payout ratio (DPR) is -13.22%.

Institutional Trading of Wabash National

A number of hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in Wabash National by 4.2% during the first quarter. Empowered Funds LLC now owns 202,429 shares of the company's stock worth $2,237,000 after buying an additional 8,205 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Wabash National by 93.9% in the 1st quarter. Royal Bank of Canada now owns 30,789 shares of the company's stock valued at $339,000 after acquiring an additional 14,912 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Wabash National in the 1st quarter valued at $166,000. AQR Capital Management LLC grew its position in Wabash National by 59.1% in the 1st quarter. AQR Capital Management LLC now owns 224,734 shares of the company's stock valued at $2,483,000 after purchasing an additional 83,473 shares during the period. Finally, Jane Street Group LLC grew its position in Wabash National by 204.3% in the 1st quarter. Jane Street Group LLC now owns 463,191 shares of the company's stock valued at $5,118,000 after purchasing an additional 310,998 shares during the period. 97.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson boosted their price objective on shares of Wabash National from $7.50 to $9.50 and gave the company a "neutral" rating in a research report on Monday, June 23rd.

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.