Wabash National (WNC) Releases FY19 Earnings Guidance

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Wabash National (NYSE:WNC) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.50-$1.70 for the period, compared to the Thomson Reuters consensus estimate of $1.57. Wabash National also updated its FY 2019 guidance to $1.50-1.70 EPS.

WNC has been the topic of a number of research analyst reports. Zacks Investment Research lowered Wabash National from a hold rating to a strong sell rating in a research report on Sunday, January 6th. Mizuho reissued a hold rating and issued a $16.00 target price on shares of Wabash National in a research report on Friday, March 1st. Finally, ValuEngine lowered Wabash National from a sell rating to a strong sell rating in a research report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $19.71.

Shares of Wabash National stock traded up $0.69 during trading hours on Friday, reaching $15.70. 16,273 shares of the company were exchanged, compared to its average volume of 432,470. Wabash National has a 1 year low of $12.25 and a 1 year high of $21.37. The company has a current ratio of 2.02, a quick ratio of 1.34 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $835.77 million, a P/E ratio of 10.92 and a beta of 1.99.

Wabash National (NYSE:WNC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Wabash National had a return on equity of 17.11% and a net margin of 3.06%. The business had revenue of $533.00 million for the quarter, compared to analyst estimates of $519.74 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict that Wabash National will post 1.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, April 3rd. Wabash National’s dividend payout ratio is currently 22.22%.

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Wabash National Company Profile

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and RoadRailer trailers; aftermarket parts and services; and used trailers.

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Earnings History and Estimates for Wabash National (NYSE:WNC)

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