Wabash National (NYSE:WNC) Releases Earnings Results, Beats Expectations By $0.08 EPS

Wabash National (NYSE:WNC) posted its quarterly earnings results on Wednesday. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08, Briefing.com reports. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The company had revenue of $550.61 million during the quarter, compared to the consensus estimate of $594.77 million. During the same period last year, the firm earned $1.54 EPS. The company’s revenue for the quarter was down 19.8% on a year-over-year basis. Wabash National updated its FY 2024 guidance to 1.500-1.600 EPS.

Wabash National Stock Up 2.8 %

WNC stock opened at $21.08 on Friday. The stock has a market capitalization of $949.08 million, a P/E ratio of 5.07 and a beta of 1.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 1.99. Wabash National has a one year low of $20.00 and a one year high of $30.07. The company has a 50 day moving average price of $21.61 and a two-hundred day moving average price of $24.49.

Wabash National Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Wednesday, July 3rd were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.52%. Wabash National’s dividend payout ratio is currently 7.69%.

Wall Street Analysts Forecast Growth

WNC has been the subject of several research reports. StockNews.com downgraded Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. DA Davidson restated a “neutral” rating and set a $23.00 price objective on shares of Wabash National in a research report on Monday, June 24th.

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.