Brokerages Expect Wabash National Co. (WNC) Will Post Quarterly Sales of $592.00 Million

Brokerages predict that Wabash National Co. (NYSE:WNC) will report $592.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Wabash National’s earnings, with estimates ranging from $583.60 million to $600.40 million. Wabash National reported sales of $543.44 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.9%. The company is scheduled to issue its next earnings results on Tuesday, January 29th.

On average, analysts expect that Wabash National will report full-year sales of $2.25 billion for the current fiscal year, with estimates ranging from $2.24 billion to $2.26 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.26 billion, with estimates ranging from $2.25 billion to $2.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Wabash National.

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

A number of research analysts have issued reports on the company. Stifel Nicolaus set a $17.00 price objective on Wabash National and gave the company a “hold” rating in a research note on Thursday, November 1st. ValuEngine upgraded Wabash National from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st. Stephens set a $15.00 price objective on Wabash National and gave the company a “hold” rating in a research note on Monday, October 15th. Zacks Investment Research downgraded Wabash National from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Mizuho set a $15.00 price objective on Wabash National and gave the company a “hold” rating in a research note on Monday, October 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Wabash National currently has an average rating of “Hold” and a consensus target price of $20.13.

Shares of NYSE:WNC opened at $15.60 on Tuesday. The firm has a market capitalization of $870.77 million, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 0.37 and a beta of 1.90. The company has a quick ratio of 1.18, a current ratio of 1.93 and a debt-to-equity ratio of 1.05. Wabash National has a 1 year low of $12.40 and a 1 year high of $26.54.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Thursday, January 3rd will be issued a dividend of $0.08 per share. This is a boost from Wabash National’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, January 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 2.05%. Wabash National’s dividend payout ratio is 21.74%.

Wabash National announced that its Board of Directors has initiated a share repurchase program on Thursday, November 15th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 11.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of WNC. NumerixS Investment Technologies Inc increased its stake in Wabash National by 36.4% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,500 shares of the company’s stock worth $194,000 after acquiring an additional 2,800 shares during the last quarter. Rhumbline Advisers increased its stake in Wabash National by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 142,235 shares of the company’s stock worth $2,654,000 after acquiring an additional 3,108 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Wabash National by 39.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 14,488 shares of the company’s stock valued at $270,000 after purchasing an additional 4,100 shares during the last quarter. IndexIQ Advisors LLC increased its position in shares of Wabash National by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 109,238 shares of the company’s stock valued at $1,991,000 after purchasing an additional 4,126 shares during the last quarter. Finally, Smith Asset Management Group LP increased its position in shares of Wabash National by 4.0% during the 2nd quarter. Smith Asset Management Group LP now owns 111,516 shares of the company’s stock valued at $2,081,000 after purchasing an additional 4,256 shares during the last quarter.

Wabash National Company Profile

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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