Equities analysts expect Wabash National Co. (NYSE:WNC) to report sales of $477.43 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Wabash National’s earnings, with estimates ranging from $457.60 million to $503.70 million. Wabash National reported sales of $362.72 million in the same quarter last year, which would suggest a positive year over year growth rate of 31.6%. The company is expected to issue its next earnings report on Monday, April 23rd.
On average, analysts expect that Wabash National will report full-year sales of $2.13 billion for the current fiscal year, with estimates ranging from $2.09 billion to $2.16 billion. For the next financial year, analysts forecast that the firm will report sales of $2.18 billion per share, with estimates ranging from $2.16 billion to $2.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Wabash National.
Wabash National (NYSE:WNC) last announced its earnings results on Tuesday, January 30th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The company had revenue of $543.40 million during the quarter, compared to the consensus estimate 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 was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share.
WNC has been the subject of several recent analyst reports. ValuEngine upgraded shares of Wabash National from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Wabash National from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Sunday, January 21st. OTR Global raised shares of Wabash National to a “positive” rating in a report on Thursday, March 1st. Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National in a report on Tuesday, January 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Wabash National in a report on Friday, December 22nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Wabash National currently has a consensus rating of “Hold” and a consensus price target of $25.80.
In other Wabash National news, CEO Richard J. Giromini sold 58,300 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $25.04, for a total value of $1,459,832.00. Following the completion of the transaction, the chief executive officer now owns 803,680 shares of the company’s stock, valued at $20,124,147.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of WNC. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Wabash National by 1.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 249,543 shares of the company’s stock worth $5,693,000 after buying an additional 2,700 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Wabash National during the third quarter worth $1,511,000. Wasatch Advisors Inc. purchased a new position in shares of Wabash National during the fourth quarter worth $3,218,000. Alpha Windward LLC raised its holdings in shares of Wabash National by 18.6% during the fourth quarter. Alpha Windward LLC now owns 26,760 shares of the company’s stock worth $581,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Bowling Portfolio Management LLC raised its holdings in shares of Wabash National by 31.4% during the fourth quarter. Bowling Portfolio Management LLC now owns 94,844 shares of the company’s stock worth $2,058,000 after purchasing an additional 22,682 shares during the last quarter.
WNC traded up $0.27 during trading on Wednesday, hitting $21.15. The stock had a trading volume of 520,178 shares, compared to its average volume of 798,757. The company has a market cap of $1,203.74, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 0.49 and a beta of 1.82. Wabash National has a twelve month low of $18.25 and a twelve month high of $26.54. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be issued a $0.075 dividend. The ex-dividend date is Wednesday, April 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.42%. Wabash National’s dividend payout ratio is currently 21.74%.
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About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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