DA Davidson Research Analysts Lower Earnings Estimates for Wabash National Co. (NYSE:WNC)

Wabash National Co. (NYSE:WNC) – Research analysts at DA Davidson cut their FY2024 earnings per share (EPS) estimates for shares of Wabash National in a report released on Thursday, July 25th. DA Davidson analyst M. Shlisky now forecasts that the company will earn $1.53 per share for the year, down from their previous estimate of $2.09. DA Davidson currently has a “Neutral” rating and a $23.00 target price on the stock. The consensus estimate for Wabash National’s current full-year earnings is $1.53 per share. DA Davidson also issued estimates for Wabash National’s FY2025 earnings at $1.75 EPS.

Wabash National (NYSE:WNC) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The business had revenue of $550.61 million for the quarter, compared to analyst estimates of $594.77 million. During the same period last year, the company earned $1.54 EPS. Wabash National’s revenue for the quarter was down 19.8% compared to the same quarter last year.

Separately, StockNews.com lowered Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Wabash National Price Performance

Shares of WNC stock opened at $21.41 on Monday. The firm has a market cap of $942.04 million, a P/E ratio of 5.15 and a beta of 1.56. Wabash National has a fifty-two week low of $20.00 and a fifty-two week high of $30.07. The business’s 50 day moving average price is $21.56 and its 200-day moving average price is $24.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99.

Wabash National Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Wednesday, July 3rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Wednesday, July 3rd. Wabash National’s payout ratio is presently 7.69%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Peregrine Capital Management LLC raised its stake in Wabash National by 0.4% during the second quarter. Peregrine Capital Management LLC now owns 755,077 shares of the company’s stock valued at $16,491,000 after buying an additional 3,135 shares during the last quarter. Innealta Capital LLC bought a new stake in Wabash National during the second quarter valued at about $33,000. Klein Pavlis & Peasley Financial Inc. grew its holdings in Wabash National by 4.3% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 45,900 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,900 shares during the period. Bailard Inc. bought a new stake in Wabash National during the second quarter valued at about $266,000. Finally, SummerHaven Investment Management LLC lifted its position in shares of Wabash National by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 31,310 shares of the company’s stock valued at $684,000 after acquiring an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

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.