Wabash National (WNC) Sets New 52-Week Low at $16.78

Share on StockTwits

Wabash National Co. (NYSE:WNC) shares hit a new 52-week low on Thursday . The company traded as low as $16.78 and last traded at $17.10, with a volume of 16121 shares changing hands. The stock had previously closed at $16.97.

WNC has been the topic of a number of recent analyst reports. ValuEngine downgraded Wabash National from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Piper Jaffray Companies set a $22.00 price objective on Wabash National and gave the company a “hold” rating in a research note on Wednesday, August 1st. Zacks Investment Research downgraded Wabash National from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Mizuho initiated coverage on Wabash National in a research note on Thursday, June 28th. They issued a “neutral” rating and a $24.00 price objective on the stock. Finally, Loop Capital initiated coverage on Wabash National in a research note on Monday, October 1st. They issued a “buy” rating and a $27.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Wabash National has an average rating of “Hold” and an average price target of $25.14.

The firm has a market cap of $1.04 billion, a PE ratio of 9.83, a P/E/G ratio of 0.33 and a beta of 1.79. The company has a quick ratio of 1.20, a current ratio of 1.96 and a debt-to-equity ratio of 1.01.

Wabash National (NYSE:WNC) last released its earnings results on Tuesday, July 31st. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.08). The business had revenue of $612.69 million during the quarter, compared to analyst estimates of $611.30 million. Wabash National had a net margin of 5.86% and a return on equity of 17.85%. As a group, equities research analysts predict that Wabash National Co. will post 1.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, October 4th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, October 3rd. Wabash National’s dividend payout ratio (DPR) is currently 21.74%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WNC. BlackRock Inc. grew its holdings in Wabash National by 7.3% in the 2nd quarter. BlackRock Inc. now owns 8,113,463 shares of the company’s stock valued at $151,396,000 after buying an additional 548,706 shares during the last quarter. Millennium Management LLC grew its holdings in Wabash National by 171.1% in the 2nd quarter. Millennium Management LLC now owns 497,540 shares of the company’s stock valued at $9,284,000 after buying an additional 314,023 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Wabash National in the 2nd quarter valued at approximately $1,866,000. Schwab Charles Investment Management Inc. grew its holdings in Wabash National by 14.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 576,772 shares of the company’s stock valued at $10,763,000 after buying an additional 71,524 shares during the last quarter. Finally, Scopus Asset Management L.P. grew its holdings in Wabash National by 20.7% in the 2nd quarter. Scopus Asset Management L.P. now owns 368,709 shares of the company’s stock valued at $6,880,000 after buying an additional 63,145 shares during the last quarter.

Wabash National Company Profile (NYSE:WNC)

Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.

Read More: What is Considered a Good Return on Equity (ROE)?

Receive News & Ratings for Wabash National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wabash National and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply