Wabash National Corporation (NYSE:WNC) – Research analysts at Seaport Global Securities cut their Q3 2017 EPS estimates for Wabash National Corporation in a note issued to investors on Wednesday. Seaport Global Securities analyst R. Wood now forecasts that the company will post earnings per share of $0.39 for the quarter, down from their previous forecast of $0.40. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Wabash National Corporation’s Q4 2017 earnings at $0.40 EPS, Q3 2018 earnings at $0.39 EPS and Q4 2018 earnings at $0.37 EPS.
Wabash National Corporation (NYSE:WNC) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. Wabash National Corporation’s revenue was down 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. TRADEMARK VIOLATION WARNING: This report was first published by BBNS and is owned by of BBNS. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://baseballnewssource.com/markets/seaport-global-securities-comments-on-wabash-national-corporations-q3-2017-earnings-wnc-updated-updated/1308407.html.
Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. BMO Capital Markets reissued a “hold” rating and set a $20.00 price target on shares of Wabash National Corporation in a report on Friday, July 7th. Finally, ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Wabash National Corporation has a consensus rating of “Hold” and an average price target of $18.71.
Shares of Wabash National Corporation (NYSE:WNC) opened at 19.03 on Friday. Wabash National Corporation has a 52 week low of $10.74 and a 52 week high of $24.16. The company’s 50-day moving average is $21.82 and its 200 day moving average is $20.73. The stock has a market capitalization of $1.14 billion, a P/E ratio of 11.04 and a beta of 1.82.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 6th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, June 2nd. Wabash National Corporation’s payout ratio is currently 15.48%.
A number of large investors have recently bought and sold shares of WNC. BlackRock Inc. increased its stake in Wabash National Corporation by 45,576.6% in the first quarter. BlackRock Inc. now owns 7,334,294 shares of the company’s stock valued at $151,748,000 after buying an additional 7,318,237 shares during the last quarter. Acadian Asset Management LLC increased its stake in Wabash National Corporation by 702.1% in the first quarter. Acadian Asset Management LLC now owns 2,093,374 shares of the company’s stock valued at $43,312,000 after buying an additional 1,832,390 shares during the last quarter. Royce & Associates LP increased its stake in Wabash National Corporation by 61.4% in the first quarter. Royce & Associates LP now owns 3,144,856 shares of the company’s stock valued at $65,067,000 after buying an additional 1,196,856 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Wabash National Corporation during the first quarter valued at $19,788,000. Finally, Victory Capital Management Inc. increased its stake in Wabash National Corporation by 15,627.3% in the first quarter. Victory Capital Management Inc. now owns 924,296 shares of the company’s stock valued at $19,124,000 after buying an additional 918,419 shares during the last quarter.
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.
Receive News & Ratings for Wabash National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National Corporation and related companies with our FREE daily email newsletter.