Wabash National (NYSE:WNC – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $1.25 for the period, compared to the consensus EPS estimate of $1.50. The company issued revenue guidance of $1.95 billion, compared to the consensus revenue estimate of $2.03 billion. Wabash National also updated its FY 2024 guidance to 1.250-1.250 EPS.
Wabash National Trading Down 0.9 %
Wabash National stock traded down $0.16 during mid-day trading on Thursday, hitting $16.90. 1,187,089 shares of the stock were exchanged, compared to its average volume of 592,282. The firm’s fifty day simple moving average is $18.81 and its two-hundred day simple moving average is $21.11. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. Wabash National has a 12 month low of $15.94 and a 12 month high of $30.07. The stock has a market capitalization of $743.60 million, a price-to-earnings ratio of 5.18 and a beta of 1.52.
Wabash National (NYSE:WNC – Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The business had revenue of $550.61 million for the quarter, compared to analyst estimates of $594.77 million. During the same quarter in the previous year, the business earned $1.54 earnings per share. Wabash National’s revenue for the quarter was down 19.8% on a year-over-year basis. Analysts forecast that Wabash National will post 1.53 EPS for the current year.
Wabash National Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, DA Davidson reaffirmed a “neutral” rating and set a $18.00 price target on shares of Wabash National in a research note on Monday, September 30th.
Read Our Latest Research Report on Wabash National
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.
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