Wabash National Co. (NYSE:WNC) – Research analysts at Seaport Global Securities decreased their Q1 2018 earnings estimates for shares of Wabash National in a research report issued on Thursday, Zacks Investment Research reports. Seaport Global Securities analyst M. Shlisky now anticipates that the company will post earnings of $0.35 per share for the quarter, down from their previous forecast of $0.40. Seaport Global Securities has a “Neutral” rating on the stock.
Wabash National (NYSE:WNC) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $543.40 million during the quarter, compared to analyst estimates of $517.96 million. Wabash National had a net margin of 6.31% and a return on equity of 17.69%. Wabash National’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Wabash National from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Saturday. Stifel Nicolaus raised their price objective on shares of Wabash National from $23.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. BMO Capital Markets reaffirmed a “hold” rating on shares of Wabash National in a research note on Monday, October 23rd. OTR Global cut shares of Wabash National to a “positive” rating in a research note on Thursday, December 14th. Finally, ValuEngine raised shares of Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.40.
Shares of Wabash National (NYSE:WNC) opened at $23.62 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.03 and a debt-to-equity ratio of 1.00. The firm has a market cap of $1,370.06, a P/E ratio of 16.83, a P/E/G ratio of 0.55 and a beta of 1.73. Wabash National has a fifty-two week low of $18.25 and a fifty-two week high of $26.54.
Hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of Wabash National during the third quarter worth $1,511,000. Crossmark Global Holdings Inc. bought a new position in shares of Wabash National during the third quarter worth $562,000. Rothschild Asset Management Inc. boosted its position in shares of Wabash National by 5.6% during the third quarter. Rothschild Asset Management Inc. now owns 1,790,653 shares of the company’s stock worth $40,863,000 after purchasing an additional 95,220 shares in the last quarter. Olstein Capital Management L.P. boosted its position in shares of Wabash National by 63.8% during the third quarter. Olstein Capital Management L.P. now owns 93,200 shares of the company’s stock worth $2,127,000 after purchasing an additional 36,300 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its position in shares of Wabash National by 3.5% during the third quarter. Peregrine Capital Management LLC now owns 894,658 shares of the company’s stock worth $20,416,000 after purchasing an additional 30,430 shares in the last quarter.
In other news, CEO Richard J. Giromini sold 58,300 shares of Wabash National stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the transaction, the chief executive officer now directly owns 803,680 shares of the company’s stock, valued at $20,124,147.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.27%. This is a boost from Wabash National’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, January 3rd. Wabash National’s dividend payout ratio (DPR) is currently 16.85%.
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About Wabash National
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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