$0.34 Earnings Per Share Expected for Wabash National Corporation (WNC) This Quarter
Wall Street analysts forecast that Wabash National Corporation (NYSE:WNC) will report earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Wabash National’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.32. Wabash National posted earnings per share of $0.38 during the same quarter last year, which indicates a negative year over year growth rate of 10.5%. The business is expected to issue its next quarterly earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that Wabash National will report full year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.34 to $1.40. For the next financial year, analysts anticipate that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.50 to $1.70. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Wabash National.
Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The company had revenue of $425.10 million for the quarter, compared to analysts’ expectations of $449.05 million. During the same quarter in the prior year, the firm earned $0.50 EPS. Wabash National’s quarterly revenue was down 8.4% compared to the same quarter last year.
Several brokerages recently issued reports on WNC. Craig Hallum upgraded shares of Wabash National from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Wabash National from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Aegis boosted their price target on shares of Wabash National from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Finally, Stifel Nicolaus set a $22.00 price target on shares of Wabash National and gave the company a “hold” rating in a research report on Thursday, August 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Wabash National has a consensus rating of “Hold” and a consensus price target of $22.86.
Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its stake in Wabash National by 9.7% during the second quarter. Prudential Financial Inc. now owns 1,195,979 shares of the company’s stock worth $26,288,000 after acquiring an additional 105,900 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Wabash National by 2.0% during the second quarter. Principal Financial Group Inc. now owns 531,090 shares of the company’s stock worth $11,674,000 after acquiring an additional 10,393 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Wabash National by 222.0% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 884,978 shares of the company’s stock worth $19,451,000 after acquiring an additional 610,175 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in Wabash National by 3.5% during the third quarter. Peregrine Capital Management LLC now owns 894,658 shares of the company’s stock worth $20,416,000 after acquiring an additional 30,430 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Wabash National by 4.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 358,671 shares of the company’s stock worth $7,421,000 after acquiring an additional 15,922 shares in the last quarter.
Shares of Wabash National (NYSE:WNC) traded up $0.19 during midday trading on Thursday, hitting $19.18. 841,193 shares of the company traded hands, compared to its average volume of 961,433. Wabash National has a one year low of $13.31 and a one year high of $24.16. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.03 and a quick ratio of 1.18. The stock has a market capitalization of $1,127.07, a PE ratio of 13.65, a P/E/G ratio of 0.65 and a beta of 1.71.
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Wabash National Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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