Wabash National Corporation Company Profile (NYSE:WNC)

Wabash National Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "WNC."

Wabash National Corporation announced a quarterly dividend on Thursday, May 18th. Shareholders of record on Thursday, July 6th will be given a dividend of $0.06 per share on Thursday, July 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, June 2nd. View Wabash National Corporation's Dividend History.

Wabash National Corporation declared that its board has approved a share buyback program on Saturday, April 8th 2017, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Wabash National Corporation (NYSE:WNC) released its quarterly earnings data on Tuesday, July, 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.05. The company had revenue of $435.90 million for the quarter, compared to the consensus estimate of $436.85 million. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. Wabash National Corporation's revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. View Wabash National Corporation's Earnings History.

Wabash National Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Wabash National Corporation.

Wabash National Corporation issued an update on its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $1.44-$1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53.

6 brokerages have issued twelve-month price targets for Wabash National Corporation's stock. Their forecasts range from $17.00 to $29.00. On average, they anticipate Wabash National Corporation's share price to reach $21.80 in the next twelve months. View Analyst Ratings for Wabash National Corporation.

Here are some recent quotes from research analysts about Wabash National Corporation stock:

• 1. According to Zacks Investment Research, "Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate, ArcticLite, and Eagle brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada. " (8/15/2017)
• 2. BMO Capital Markets analysts commented, "It certainly feels different this time. Although the past three downturns saw 50%-plus declines in trailer demand and negative net income at the troughs for Wabash, we believe this cycle could buck the trend. This assumption is based on pentup demand in the trailer market and Wabash working to reduce costs and diversify the company. However, while the shares have recently moved materially higher, likely boosted by the 22% of its outstanding float shorted, we believe declining earnings will constrain further upside over the next one to two years." (2/6/2017)
• 3. Stifel Nicolaus analysts commented, "In accordance with those increases in industry estimates, we are increasing our 2017 and 2018 EPS estimates for Wabash National from $1.15 and $1.00 to $1.40 and $1.35 and raising our rating from Sell to Hold. Our target price is $17 (or 12.5x our 2018 EPS estimate of $1.35). Our prior Sell thesis had been based on the theory that semi-trailer demand would more quickly resemble Class 8 tractor demand, which had been on a sharp downward trajectory throughout 2016, as Class 8 orders declined 42% y/y last year. Historically, tractor demand and trailer demand have been more highly correlated than they have been in the past year, which we attribute to an aged semi-trailer demographic that has been more conducive to replacement as well as operational factors, such as fleets using higher trailer-to-tractor ratios to deal with hours-of-service regulations." (1/26/2017)

Some companies that are related to Wabash National Corporation include Dorman Products (DORM), Meritor (MTOR), Cooper-Standard Holdings (CPS), American Axle & Manufacturing Holdings (AXL), Cooper Tire & Rubber Company (CTB), Fox Factory Holding Corp. (FOXF), Gentherm (THRM), SPX Corporation (SPXC), Standard Motor Products (SMP), Modine Manufacturing Company (MOD), Douglas Dynamics (PLOW), Motorcar Parts of America (MPAA), Tower International (TOWR), Horizon Global Corporation (HZN), Superior Industries International (SUP), Westport Fuel Systems (WPRT), Spartan Motors (SPAR) and Commercial Vehicle Group (CVGI).

Wabash National Corporation's management team includes the folowing people:

• Martin C. Jischke Ph.D., Independent Chairman of the Board
• Brent L. Yeagy, President, Chief Operating Officer, Director
• Richard J. Giromini, Chief Executive Officer, Director
• Jeffery Lee Taylor, Chief Financial Officer, Senior Vice President
• Erin Jennifer Roth, Senior Vice President, General Counsel, Secretary
• William D. Pitchford, Senior Vice President - Human Resources, Assistant Secretary
• Mark Jason Weber, Senior Vice President; Group President - Diversified Products Group
• John E. Kunz, Independent Director
• Larry J. Magee, Independent Director
• Ann D. Murtlow, Independent Director

Wabash National Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (16.37%), BlackRock Inc. (12.25%), Dimensional Fund Advisors LP (8.06%), Royce & Associates LP (6.28%), LSV Asset Management (5.77%) and Acadian Asset Management LLC (2.83%). Company insiders that own Wabash National Corporation stock include Brent L Yeagy, Erin Jennifer Roth, Larry J Magee, Mark Jason Weber, Richard J Giromini and William D Pitchford. View Institutional Ownership Trends for Wabash National Corporation.

Wabash National Corporation's stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Numeric Investors LLC, Acadian Asset Management LLC, Vanguard Group Inc., Cornerstone Capital Management Holdings LLC., Russell Investments Group Ltd., First Trust Advisors LP and BlackRock Inc.. Company insiders that have sold Wabash National Corporation stock in the last year include Brent L Yeagy, Erin Jennifer Roth, Larry J Magee, Mark Jason Weber, Richard J Giromini and William D Pitchford. View Insider Buying and Selling for Wabash National Corporation.

Wabash National Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Old Mutual Global Investors UK Ltd., Royce & Associates LP, Victory Capital Management Inc., New Amsterdam Partners LLC NY, Capital Fund Management S.A., Goldman Sachs Group Inc., Gotham Asset Management LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Wabash National Corporation.

Shares of Wabash National Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Wabash National Corporation stock can currently be purchased for approximately $20.96.