Wabash National (WNC) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Wabash National in the last year. There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" WNC shares.
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4 Wall Street analysts have issued 12 month price targets for Wabash National's stock. Their WNC share price forecasts range from $19.00 to $35.00. On average, they predict the company's share price to reach $28.30 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
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Wabash National's stock was trading at $22.60 at the beginning of the year. Since then, WNC stock has increased by 12.6% and is now trading at $25.45.
View the best growth stocks for 2023 here.

Wabash National saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,370,000 shares, an increase of 14.7% from the April 15th total of 4,680,000 shares. Based on an average trading volume of 632,000 shares, the days-to-cover ratio is presently 8.5 days. Currently, 11.6% of the company's shares are sold short.
View Wabash National's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our WNC earnings forecast.

Wabash National Co. (NYSE:WNC) released its quarterly earnings results on Wednesday, April, 26th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.59. The company earned $621 million during the quarter, compared to the consensus estimate of $624.38 million. Wabash National had a trailing twelve-month return on equity of 39.80% and a net margin of 5.88%. The company's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share.

Wabash National declared a quarterly dividend on Thursday, May 11th. Stockholders of record on Thursday, July 6th will be given a dividend of $0.08 per share on Thursday, July 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Wednesday, July 5th.
Read our dividend analysis for WNC.

ETFs with the largest weight of Wabash National (NYSE:WNC) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco Raymond James SB-1 Equity ETF (RYJ), Rayliant Quantitative Developed Market Equity ETF (RAYD), First Trust Active Factor Small Cap ETF (AFSM), IQ Chaikin U.S. Small Cap ETF (CSML), Invesco S&P SmallCap Momentum ETF (XSMO) and Invesco DWA SmallCap Momentum ETF (DWAS).

Wabash National (NYSE:WNC) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.33%. The dividend payout ratio is 10.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WNC will have a dividend payout ratio of 9.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WNC.

Wabash National updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $4.00-$4.50 for the period, compared to the consensus earnings per share estimate of $2.92. The company issued revenue guidance of $2.80 billion-$3.00 billion, compared to the consensus revenue estimate of $2.88 billion.

33 employees have rated Wabash National Chief Executive Officer Brent Yeagy on Glassdoor.com. Brent Yeagy has an approval rating of 66% among the company's employees. 44.0% of employees surveyed would recommend working at Wabash National to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Wabash National investors own include CA (CA), BlackRock (BLK), Magellan Midstream Partners (MMP), Endologix (ELGX), Micron Technology (MU), Middleby (MIDD), AT&T (T), NextEra Energy Partners (NEP), Vista Outdoor (VSTO) and Advanced Micro Devices (AMD).

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

Wabash National's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.09%), Dimensional Fund Advisors LP (6.83%), State Street Corp (3.58%), Peregrine Capital Management LLC (2.28%), Charles Schwab Investment Management Inc. (1.91%) and Geode Capital Management LLC (1.87%). Insiders that own company stock include Brent L Yeagy, Brent L Yeagy, Dustin T Smith, John E Kunz, Kevin J Page, Larry J Magee and Michael N Pettit.
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Shares of WNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WNC stock can currently be purchased for approximately $25.45.

Wabash National (NYSE:WNC) has a market capitalization of $1.21 billion and generates $2.50 billion in revenue each year. The company earns $112.26 million in net income (profit) each year or $3.07 on an earnings per share basis.

The company employs 6,900 workers across the globe.

Wabash National's mailing address is 1000 SAGAMORE PARKWAY SOUTH, LAFAYETTE IN, 47905. The official website for the company is www.wabashnational.com. The company can be reached via phone at (765) 771-5300, via email at investor.relations@wabashnational.com, or via fax at 765-447-9405.