Brokerages expect Wabash National Corporation (NYSE:WNC) to announce sales of $507.93 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Wabash National Corporation’s earnings, with the lowest sales estimate coming in at $474.70 million and the highest estimate coming in at $529.90 million. Wabash National Corporation posted sales of $462.06 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.9%. The company is expected to issue its next quarterly earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that Wabash National Corporation will report full-year sales of $507.93 million for the current fiscal year, with estimates ranging from $1.70 billion to $1.79 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.91 billion per share, with estimates ranging from $1.71 billion to $2.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Wabash National Corporation.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The company had revenue of $425.10 million during the quarter, compared to analysts’ expectations of $449.05 million. Wabash National Corporation had a net margin of 5.05% and a return on equity of 18.42%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS.
WNC has been the subject of several recent research reports. ValuEngine upgraded Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research cut Wabash National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets reiterated a “hold” rating on shares of Wabash National Corporation in a research note on Monday, October 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 price objective on shares of Wabash National Corporation in a research note on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.86.
Wabash National Corporation (WNC) opened at $19.71 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.03 and a quick ratio of 1.31. The stock has a market capitalization of $1,162.46, a PE ratio of 14.08, a PEG ratio of 0.68 and a beta of 1.71. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Thursday, October 5th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.22%. The ex-dividend date was Wednesday, October 4th. Wabash National Corporation’s payout ratio is 17.91%.
A number of hedge funds have recently bought and sold shares of WNC. UBS Asset Management Americas Inc. lifted its stake in Wabash National Corporation by 1.5% during the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after purchasing an additional 200 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Wabash National Corporation by 1.4% during the first quarter. Alliancebernstein L.P. now owns 95,300 shares of the company’s stock worth $1,972,000 after purchasing an additional 1,300 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Wabash National Corporation by 2.9% during the first quarter. Thrivent Financial For Lutherans now owns 34,000 shares of the company’s stock worth $703,000 after purchasing an additional 960 shares during the last quarter. Morgan Stanley lifted its stake in Wabash National Corporation by 70.7% during the first quarter. Morgan Stanley now owns 822,425 shares of the company’s stock worth $17,015,000 after purchasing an additional 340,607 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Wabash National Corporation during the first quarter worth approximately $4,966,000.
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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