Wabash National Corporation (WNC) Releases FY18 Earnings Guidance

Wabash National Corporation (NYSE:WNC) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.55-1.75 for the period, compared to the Thomson Reuters consensus estimate of $1.51. Wabash National Corporation also updated its FY17 guidance to $1.33-1.37 EPS.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Wabash National Corporation from a hold rating to a buy rating and set a $24.00 price objective for the company in a report on Wednesday, September 27th. Craig Hallum raised shares of Wabash National Corporation from a hold rating to a buy rating in a report on Thursday, August 10th. BidaskClub raised shares of Wabash National Corporation from a sell rating to a hold rating in a report on Saturday, August 12th. Aegis lifted their price objective on shares of Wabash National Corporation from $27.00 to $29.00 and gave the stock a buy rating in a report on Thursday, August 10th. Finally, BMO Capital Markets reaffirmed a hold rating on shares of Wabash National Corporation in a report on Monday, October 23rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $22.86.

Shares of Wabash National Corporation (WNC) traded up 2.23% during trading on Tuesday, reaching $22.50. 807,689 shares of the company were exchanged. The stock’s 50 day moving average is $21.99 and its 200 day moving average is $21.34. Wabash National Corporation has a 1-year low of $10.74 and a 1-year high of $24.16. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.51 and a beta of 1.78.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, October 4th. This represents a $0.24 annualized dividend and a yield of 1.07%. Wabash National Corporation’s dividend payout ratio (DPR) is currently 15.48%.

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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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