Shares of Wabash National Co. (NYSE:WNC) have earned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.57.
WNC has been the topic of a number of analyst reports. Zacks Investment Research lowered Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Stifel Nicolaus set a $17.00 target price on Wabash National and gave the stock a “hold” rating in a research report on Thursday, November 1st. ValuEngine raised Wabash National from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Piper Jaffray Companies set a $22.00 target price on Wabash National and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, Stephens set a $15.00 target price on Wabash National and gave the stock a “hold” rating in a research report on Monday, October 15th.
Shares of WNC opened at $15.36 on Friday. The stock has a market cap of $892.63 million, a price-to-earnings ratio of 11.13, a P/E/G ratio of 0.37 and a beta of 1.90. Wabash National has a 12 month low of $12.40 and a 12 month high of $26.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.18 and a current ratio of 1.93.
Wabash National (NYSE:WNC) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.29 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.29. The company had revenue of $553.07 million for the quarter, compared to analysts’ expectations of $552.11 million. Wabash National had a return on equity of 16.97% and a net margin of 4.87%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts predict that Wabash National will post 1.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Thursday, October 4th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, October 3rd. Wabash National’s dividend payout ratio is currently 21.74%.
A number of institutional investors have recently made changes to their positions in the stock. Affinity Investment Advisors LLC increased its holdings in Wabash National by 31.6% in the third quarter. Affinity Investment Advisors LLC now owns 25,480 shares of the company’s stock valued at $465,000 after buying an additional 6,113 shares during the last quarter. BBT Capital Management LLC bought a new stake in Wabash National in the third quarter valued at about $1,112,000. BlackRock Inc. increased its holdings in Wabash National by 1.9% in the third quarter. BlackRock Inc. now owns 8,269,390 shares of the company’s stock valued at $150,749,000 after buying an additional 155,927 shares during the last quarter. Eagle Boston Investment Management Inc. increased its holdings in Wabash National by 7.6% in the third quarter. Eagle Boston Investment Management Inc. now owns 403,928 shares of the company’s stock valued at $7,363,000 after buying an additional 28,457 shares during the last quarter. Finally, Evanston Investments Inc. dba Evanston Advisors increased its holdings in Wabash National by 7.6% in the third quarter. Evanston Investments Inc. dba Evanston Advisors now owns 197,879 shares of the company’s stock valued at $3,607,000 after buying an additional 13,904 shares during the last quarter.
Wabash National Company Profile
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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