$435.33 Million in Sales Expected for Wabash National Corporation (WNC) This Quarter
Analysts predict that Wabash National Corporation (NYSE:WNC) will report $435.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Wabash National Corporation’s earnings, with estimates ranging from $432.10 million to $441.50 million. Wabash National Corporation reported sales of $471.44 million in the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The business is expected to announce its next quarterly earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that Wabash National Corporation will report full-year sales of $435.33 million for the current fiscal year, with estimates ranging from $1.68 billion to $1.71 billion. For the next year, analysts forecast that the company will post sales of $1.64 billion per share, with estimates ranging from $1.62 billion to $1.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Wabash National Corporation.
Wabash National Corporation (NYSE:WNC) last issued its earnings results on Monday, April 24th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $362.70 million during the quarter, compared to analyst estimates of $371.09 million. Wabash National Corporation had a return on equity of 23.44% and a net margin of 6.37%. The firm’s quarterly revenue was down 19.0% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS.
A number of brokerages recently weighed in on WNC. Seaport Global Securities reissued a “neutral” rating on shares of Wabash National Corporation in a research report on Thursday, April 6th. BidaskClub raised shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wabash National Corporation presently has an average rating of “Hold” and a consensus target price of $18.14.
Wabash National Corporation (WNC) opened at 20.87 on Friday. The company has a 50-day moving average price of $21.27 and a 200-day moving average price of $19.41. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 12.11 and a beta of 1.75. 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 will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th will be issued a $0.06 dividend. The ex-dividend date is Friday, June 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.15%. Wabash National Corporation’s payout ratio is 13.95%.
Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of Wabash National Corporation during the first quarter worth approximately $108,000. TrimTabs Asset Management LLC boosted its stake in shares of Wabash National Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock worth $155,000 after buying an additional 3,520 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Wabash National Corporation by 4.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,930 shares of the company’s stock worth $221,000 after buying an additional 596 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Wabash National Corporation during the first quarter worth approximately $250,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock worth $277,000 after buying an additional 200 shares during the last quarter.
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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.
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