Wabash National Corporation designs, manufactures, and distributes engineered 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 provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products. This segment also offers stainless steel and aluminum tank trailers for the dairy, food and beverage, oil, gas, and chemical end markets; dry bulk trailers; and fiberglass reinforced poly tank trailers. The Parts & Services segment provides aftermarket parts and services; aluminum and steel flatbed bodies, shelving for package delivery, partitions, roof racks, hitches, liftgates, and thermal solutions; and door repair and replacement, collision repair, and basic maintenance services. This segment also offers stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and composite products, including truck bodies, overhead doors, and other industrial application products. The company offers its products under the Wabash, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, as well as EcoNex brand. It distributes its products directly, as well as through its retail operations and independent dealers to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. The company was founded in 1985 and is headquartered in Lafayette, Indiana.
Wabash National Stock Up 0.4 %
Wabash National stock traded up $0.07 during trading on Friday, reaching $17.80. The stock had a trading volume of 287,019 shares, compared to its average volume of 331,815. Wabash National has a 52-week low of $12.23 and a 52-week high of $21.63. The business has a 50 day moving average price of $15.22 and a 200 day moving average price of $15.55. The company has a quick ratio of 0.93, a current ratio of 1.63 and a debt-to-equity ratio of 1.34. The stock has a market cap of $864.19 million, a PE ratio of 43.42 and a beta of 1.60.
Wabash National (NYSE:WNC - Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). Wabash National had a return on equity of 14.17% and a net margin of 0.94%. The firm had revenue of $642.80 million during the quarter, compared to analysts' expectations of $619.30 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm's revenue was up 43.0% compared to the same quarter last year. On average, analysts predict that Wabash National will post 1.89 EPS for the current year.
Wabash National Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 7th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, July 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.80%. Wabash National's payout ratio is currently 78.05%.
Analysts Set New Price Targets
Several research analysts have recently commented on WNC shares. StockNews.com raised shares of Wabash National from a "hold" rating to a "buy" rating in a research note on Thursday, July 28th. Stephens raised their price objective on shares of Wabash National from $16.00 to $19.00 and gave the company an "equal weight" rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wabash National has a consensus rating of "Buy" and an average target price of $22.00.
Insiders Place Their Bets
In other Wabash National news, CEO Brent L. Yeagy sold 39,930 shares of the firm's stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $17.00, for a total transaction of $678,810.00. Following the sale, the chief executive officer now owns 459,079 shares of the company's stock, valued at $7,804,343. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Brent L. Yeagy sold 7,986 shares of Wabash National stock in a transaction on Monday, August 1st. The shares were sold at an average price of $17.83, for a total value of $142,390.38. Following the transaction, the chief executive officer now directly owns 451,093 shares of the company's stock, valued at approximately $8,042,988.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brent L. Yeagy sold 39,930 shares of Wabash National stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $17.00, for a total transaction of $678,810.00. Following the completion of the transaction, the chief executive officer now directly owns 459,079 shares in the company, valued at $7,804,343. The disclosure for this sale can be found here. 1.64% of the stock is owned by corporate insiders.
