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%.
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.
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