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

Wabash National (NYSE:WNC) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.000-2.500 for the period, compared to the consensus 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.

Analyst Ratings Changes

Separately, StockNews.com downgraded Wabash National from a buy rating to a hold rating in a report on Friday.

Wabash National Trading Up 2.5 %

Shares of NYSE:WNC traded up $0.61 during midday trading on Friday, reaching $24.61. The company’s stock had a trading volume of 733,906 shares, compared to its average volume of 514,556. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 5.92 and a beta of 1.58. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.87. The firm has a 50 day moving average price of $27.26 and a two-hundred day moving average price of $24.93. Wabash National has a fifty-two week low of $20.09 and a fifty-two week high of $30.07.

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

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, April 3rd. Wabash National’s payout ratio is 7.69%.

Insider Activity at Wabash National

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

About Wabash National

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.