Wabash National (NYSE:WNC) Posts Earnings Results, Misses Expectations By $0.06 EPS

Wabash National (NYSE:WNC) released its quarterly earnings data on Thursday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06), Briefing.com reports. The firm had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. Wabash National’s quarterly revenue was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. Wabash National updated its FY24 guidance to $1.25 EPS and its FY 2024 guidance to 1.250-1.250 EPS.

Wabash National Stock Up 6.3 %

NYSE WNC traded up $1.07 on Friday, reaching $17.97. The company had a trading volume of 837,043 shares, compared to its average volume of 593,464. The company’s fifty day moving average is $18.81 and its 200-day moving average is $21.11. Wabash National has a 1-year low of $15.94 and a 1-year high of $30.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99. The firm has a market capitalization of $790.68 million, a price-to-earnings ratio of 5.52 and a beta of 1.52.

Wabash National Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.