Wabash National (NYSE:WNC) Updates Q2 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.500-0.550 for the period, compared to the consensus estimate of 0.570. The company issued revenue guidance of $550.0 million-$600.0 million, compared to the consensus revenue estimate of $562.9 million.

Analyst Ratings Changes

Separately, StockNews.com lowered Wabash National from a buy rating to a hold rating in a research note on Friday.

Wabash National Trading Up 2.5 %

NYSE:WNC opened at $24.61 on Friday. Wabash National has a 1 year low of $20.09 and a 1 year high of $30.07. The stock has a market cap of $1.11 billion, a P/E 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 stock has a 50-day simple moving average of $27.26 and a 200-day simple moving average of $24.95.

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

Wabash National Announces Dividend

The company 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 yield of 1.30%. The ex-dividend date was Wednesday, April 3rd. Wabash National’s dividend payout ratio is currently 7.69%.

Insider Activity

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

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.