Analysts Expect Wabash National Co. (WNC) Will Announce Earnings of $0.47 Per Share

Analysts expect Wabash National Co. (NYSE:WNC) to post $0.47 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Wabash National’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.48. Wabash National reported earnings of $0.36 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 30.6%. The company is expected to issue its next earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that Wabash National will report full-year earnings of $1.51 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.51. For the next financial year, analysts expect that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.65 to $1.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Wabash National.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $553.07 million for the quarter, compared to analysts’ expectations of $552.11 million. Wabash National had a net margin of 4.87% and a return on equity of 16.97%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share.

WNC has been the topic of several research analyst reports. ValuEngine cut shares of Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Mizuho set a $15.00 price target on shares of Wabash National and gave the company a “hold” rating in a research report on Monday, October 22nd. Zacks Investment Research cut shares of Wabash National from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Stephens set a $15.00 target price on shares of Wabash National and gave the stock a “hold” rating in a report on Monday, October 15th. Finally, Craig Hallum set a $18.00 target price on shares of Wabash National and gave the stock a “buy” rating in a report on Monday, October 15th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.13.

Institutional investors have recently modified their holdings of the company. Mainstay Capital Management LLC ADV acquired a new stake in Wabash National in the third quarter worth $137,000. Point72 Hong Kong Ltd acquired a new position in shares of Wabash National in the 3rd quarter valued at $153,000. Pacer Advisors Inc. acquired a new position in shares of Wabash National in the 3rd quarter valued at $187,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Wabash National in the 3rd quarter valued at $189,000. Finally, NumerixS Investment Technologies Inc boosted its position in shares of Wabash National by 36.4% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,500 shares of the company’s stock valued at $194,000 after purchasing an additional 2,800 shares during the period.

Shares of Wabash National stock traded down $0.05 during trading on Friday, hitting $15.54. The stock had a trading volume of 616,651 shares, compared to its average volume of 426,707. The stock has a market cap of $870.77 million, a P/E ratio of 11.26, a PEG ratio of 0.37 and a beta of 1.90. Wabash National has a 12 month low of $12.40 and a 12 month high of $26.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.18 and a current ratio of 1.93.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Thursday, January 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, January 2nd. This is a boost from Wabash National’s previous quarterly dividend of $0.08. Wabash National’s dividend payout ratio (DPR) is currently 21.74%.

Wabash National declared that its Board of Directors has authorized a stock buyback program on Thursday, November 15th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 11.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

About Wabash National

Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.

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