Wabash National (NYSE:WNC) Issues FY 2021 Earnings Guidance

Wabash National (NYSE:WNC) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $0.600-$0.650 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.690. The company issued revenue guidance of -.Wabash National also updated its FY 2022 guidance to $1.700-$1.700 EPS.

A number of research firms have recently issued reports on WNC. TheStreet upgraded shares of Wabash National from a c+ rating to a b rating in a research note on Friday, October 22nd. Zacks Investment Research upgraded shares of Wabash National from a sell rating to a hold rating in a research note on Saturday, November 6th. Stephens dropped their price objective on shares of Wabash National from $17.00 to $16.00 and set an equal weight rating for the company in a research note on Thursday, July 29th. Finally, Raymond James lifted their price objective on shares of Wabash National from $18.00 to $22.00 and gave the stock a strong-buy rating in a research note on Monday, November 15th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $19.80.

WNC stock traded down $0.20 during mid-day trading on Thursday, hitting $18.20. The stock had a trading volume of 277,765 shares, compared to its average volume of 350,541. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 1.19. Wabash National has a 52 week low of $13.04 and a 52 week high of $20.55. The stock has a market capitalization of $900.48 million, a price-to-earnings ratio of 29.35 and a beta of 1.72. The stock’s fifty day moving average is $16.15.

Wabash National (NYSE:WNC) last released its earnings results on Tuesday, November 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $482.57 million for the quarter, compared to analyst estimates of $517.23 million. Wabash National had a net margin of 1.85% and a return on equity of 7.76%. The business’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. As a group, analysts anticipate that Wabash National will post 0.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 27th. Investors of record on Thursday, January 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 5th. Wabash National’s dividend payout ratio (DPR) is presently 51.61%.

In related news, CEO Brent L. Yeagy sold 3,672 shares of Wabash National stock in a transaction that occurred on Monday, September 27th. The shares were sold at an average price of $16.00, for a total transaction of $58,752.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brent L. Yeagy sold 1,836 shares of Wabash National stock in a transaction that occurred on Tuesday, October 5th. The stock was sold at an average price of $16.00, for a total transaction of $29,376.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,344 shares of company stock worth $117,504 over the last ninety days. 1.12% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in shares of Wabash National by 12.6% during the 2nd quarter. Morgan Stanley now owns 289,398 shares of the company’s stock valued at $4,631,000 after acquiring an additional 32,340 shares during the period. Wells Fargo & Company MN increased its stake in Wabash National by 64.3% during the 2nd quarter. Wells Fargo & Company MN now owns 116,585 shares of the company’s stock valued at $1,865,000 after purchasing an additional 45,623 shares in the last quarter. Jane Street Group LLC bought a new stake in Wabash National during the 3rd quarter valued at $276,000. Finally, Royal Bank of Canada increased its stake in Wabash National by 75.5% during the 3rd quarter. Royal Bank of Canada now owns 6,184 shares of the company’s stock valued at $93,000 after purchasing an additional 2,661 shares in the last quarter. Institutional investors own 99.27% of the company’s stock.

Wabash National Company Profile

Wabash National Corp. engages in the design, manufacture and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It operates through the following segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the Company or through independent dealers.

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