Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Wabash National (WNC) Share Price
News headlines about Wabash National (NYSE:WNC) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wabash National earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.0552450990808 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of brokerages have commented on WNC. Zacks Investment Research raised Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, September 27th. ValuEngine cut Wabash National from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Craig Hallum reaffirmed a “buy” rating and issued a $27.00 price target on shares of Wabash National in a research note on Friday, October 6th. BMO Capital Markets reaffirmed a “hold” rating on shares of Wabash National in a research note on Monday, October 23rd. Finally, Stifel Nicolaus decreased their price target on Wabash National from $23.00 to $22.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $23.83.
Wabash National (NYSE:WNC) opened at $22.46 on Tuesday. 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 company has a market capitalization of $1,320.00, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.69. Wabash National has a 12 month low of $16.74 and a 12 month high of $24.16.
Wabash National (NYSE:WNC) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). The company had revenue of $425.10 million during the quarter, compared to analysts’ expectations of $449.05 million. Wabash National had a return on equity of 18.42% and a net margin of 5.05%. Wabash National’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. equities analysts predict that Wabash National will post 1.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, January 3rd. This is a boost from Wabash National’s previous quarterly dividend of $0.06. This represents a $0.30 annualized dividend and a dividend yield of 1.34%. Wabash National’s payout ratio is 22.22%.
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About Wabash National
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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