Media headlines about Wabash National (NYSE:WNC) have been trending positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wabash National earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.0167079527434 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Wabash National (NYSE:WNC) traded down $0.13 during trading hours on Wednesday, hitting $21.75. The stock had a trading volume of 298,839 shares, compared to its average volume of 914,447. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.03 and a quick ratio of 1.39. The company has a market capitalization of $1,263.11, a price-to-earnings ratio of 12.26, a PEG ratio of 0.52 and a beta of 1.82. Wabash National has a 52 week low of $18.25 and a 52 week high of $26.54.
Wabash National (NYSE:WNC) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The business had revenue of $543.40 million during the quarter, compared to the consensus estimate of $517.96 million. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. sell-side analysts forecast that Wabash National will post 1.97 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. BMO Capital Markets upped their target price on Wabash National to $24.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Stifel Nicolaus upped their target price on Wabash National from $23.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Zacks Investment Research lowered Wabash National from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. OTR Global raised Wabash National to a “positive” rating in a report on Thursday, March 1st. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Wabash National in a report on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.40.
In other news, CEO Richard J. Giromini sold 58,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the completion of the transaction, the chief executive officer now directly owns 803,680 shares in the company, valued at $20,124,147.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.90% of the company’s stock.
Wabash National Company Profile
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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