Wabash National (NYSE:WNC) Updates FY 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 2.000-2.500 for the period, compared to the consensus EPS estimate of 2.190. The company issued revenue guidance of $2.2 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion. Wabash National also updated its FY24 guidance to $2.00-$2.50 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Wabash National from a hold rating to a buy rating in a research note on Thursday, April 18th.

Wabash National Stock Up 1.3 %

Wabash National stock traded up $0.30 during midday trading on Friday, reaching $24.30. The stock had a trading volume of 241,799 shares, compared to its average volume of 607,502. The company has a fifty day moving average price of $27.29 and a two-hundred day moving average price of $24.91. Wabash National has a 12 month low of $20.09 and a 12 month high of $30.07. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.10 billion, a P/E ratio of 5.77 and a beta of 1.58.

Wabash National (NYSE:WNC) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a net margin of 8.15% and a return on equity of 37.84%. The firm had revenue of $515.28 million for the quarter. As a group, equities analysts expect that Wabash National will post 2.19 EPS for the current fiscal year.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Wednesday, April 3rd. Wabash National’s dividend payout ratio (DPR) is 7.69%.

Insider Transactions at Wabash National

In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the sale, the director now directly owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by insiders.

Wabash National Company Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.