Wabash National (NYSE:WNC) Issues Q2 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.500-0.550 for the period, compared to the consensus EPS estimate of 0.570. The company issued revenue guidance of $550.0 million-$600.0 million, compared to the consensus revenue estimate of $562.9 million.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Wabash National from a hold rating to a buy rating in a research report on Thursday, April 18th.

Wabash National Stock Performance

Shares of Wabash National stock opened at $24.43 on Thursday. The business has a 50-day moving average of $27.34 and a 200 day moving average of $24.92. Wabash National has a 12 month low of $20.09 and a 12 month high of $30.07. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 5.08 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.93 and a quick ratio of 1.17.

Wabash National (NYSE:WNC) last announced its earnings results on Thursday, February 1st. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. Wabash National had a return on equity of 46.87% and a net margin of 9.12%. The company had revenue of $596.10 million during the quarter, compared to analysts’ expectations of $633.68 million. During the same period last year, the business posted $0.84 EPS. Wabash National’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Wabash National will post 2.19 earnings per share for the current year.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Wednesday, April 3rd. Wabash National’s dividend payout ratio (DPR) is 6.65%.

Insider Activity at Wabash National

In other news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now owns 114,146 shares in the company, valued at approximately $3,024,869. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of Wabash National stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the transaction, the director now owns 6,386 shares in the company, valued at approximately $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by company insiders.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.