Wabash National (NYSE:WNC) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

by · The Markets Daily

Wabash National (NYSE:WNC – Get Free Report) announced its earnings results on Thursday. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.06), Briefing.com reports. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The business had revenue of $464.00 million during the quarter, compared to analyst estimates of $477.35 million. During the same period in the previous year, the firm earned $1.16 earnings per share. The firm’s revenue was down 26.7% compared to the same quarter last year. Wabash National updated its FY24 guidance to $1.25 EPS and its FY 2024 guidance to 1.250-1.250 EPS.

Wabash National Trading Up 6.3 %

Shares of Wabash National stock traded up $1.07 on Friday, hitting $17.97. 837,043 shares of the company’s stock traded hands, compared to its average volume of 593,464. The firm’s 50-day moving average price is $18.81 and its two-hundred day moving average price is $21.11. The stock has a market capitalization of $790.68 million, a PE ratio of 5.52 and a beta of 1.52. Wabash National has a one year low of $15.94 and a one year high of $30.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.15.

Wabash National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, October 10th. Wabash National’s payout ratio is 9.82%.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “neutral” rating and issued a $18.00 price objective on shares of Wabash National in a research report on Monday, September 30th.

Read Our Latest Report on WNC

About Wabash National

(Get Free Report)

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.

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