Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Wabash National Corporation (WNC) Share Price
News articles about Wabash National Corporation (NYSE:WNC) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wabash National Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.8165729339614 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
WNC has been the topic of several research analyst reports. BidaskClub upgraded Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. BMO Capital Markets reiterated a “hold” rating and set a $20.00 price target on shares of Wabash National Corporation in a research note on Friday, July 7th. Zacks Investment Research downgraded Wabash National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Stifel Nicolaus set a $22.00 price target on Wabash National Corporation and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, Craig Hallum upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $22.17.
Shares of Wabash National Corporation (WNC) traded down 1.27% during trading on Thursday, hitting $22.57. The stock had a trading volume of 804,345 shares. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 14.55 and a beta of 1.78. The stock’s 50-day moving average is $21.10 and its 200-day moving average is $21.07.
Wabash National Corporation (NYSE:WNC) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.05). Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The company had revenue of $435.90 million for the quarter, compared to analysts’ expectations of $436.85 million. During the same period in the prior year, the business earned $0.55 EPS. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities research analysts expect that Wabash National Corporation will post $1.46 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio is currently 15.48%.
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Wabash National Corporation 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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