Wabash National Corporation (WNC) Issues FY17 Earnings Guidance

Wabash National Corporation (NYSE:WNC) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.33-1.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.46. Wabash National Corporation also updated its FY18 guidance to $1.55-1.75 EPS.

Wabash National Corporation (NYSE:WNC) traded up 2.23% during midday trading on Tuesday, reaching $22.50. 807,936 shares of the company’s stock traded hands. The stock has a 50-day moving average of $21.99 and a 200 day moving average of $21.34. The company has a market cap of $1.33 billion, a P/E ratio of 14.51 and a beta of 1.78. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.07%. Wabash National Corporation’s dividend payout ratio (DPR) is currently 15.48%.

WNC has been the subject of a number of research reports. ValuEngine upgraded shares of Wabash National Corporation from a buy rating to a strong-buy rating in a report on Friday, September 1st. BMO Capital Markets reissued a hold rating and set a $20.00 target price on shares of Wabash National Corporation in a research report on Friday, July 7th. BidaskClub raised shares of Wabash National Corporation from a hold rating to a buy rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Wabash National Corporation from a hold rating to a sell rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus reissued a hold rating and set a $22.00 target price on shares of Wabash National Corporation in a research report on Tuesday, September 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Wabash National Corporation has a consensus rating of Hold and an average target price of $22.86.

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About Wabash National Corporation

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.

Earnings History and Estimates for Wabash National Corporation (NYSE:WNC)

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