Brokers Issue Forecasts for Wabash National FY2025 Earnings

Wabash National Co. (NYSE:WNC) – Equities researchers at DA Davidson reduced their FY2025 earnings estimates for shares of Wabash National in a research report issued on Monday, October 28th. DA Davidson analyst M. Shlisky now expects that the company will post earnings per share of $1.24 for the year, down from their previous estimate of $1.75. DA Davidson currently has a “Neutral” rating and a $18.00 target price on the stock. The consensus estimate for Wabash National’s current full-year earnings is $1.25 per share.

Wabash National (NYSE:WNC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The company had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $477.35 million. During the same quarter last year, the business earned $1.16 earnings per share. The business’s quarterly revenue was down 26.7% on a year-over-year basis.

Wabash National Trading Down 0.5 %

WNC opened at $17.83 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. Wabash National has a 52 week low of $15.94 and a 52 week high of $30.07. The stock has a market cap of $772.75 million, a PE ratio of -3.28 and a beta of 1.52. The business has a 50 day moving average of $18.74 and a 200-day moving average of $20.81.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, October 10th. Wabash National’s dividend payout ratio is currently -5.89%.

Institutional Trading of Wabash National

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in Wabash National during the first quarter worth about $3,052,000. LSV Asset Management grew its stake in shares of Wabash National by 8.8% in the 1st quarter. LSV Asset Management now owns 1,160,483 shares of the company’s stock worth $34,745,000 after buying an additional 93,444 shares during the last quarter. Victory Capital Management Inc. increased its position in Wabash National by 40.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,015,355 shares of the company’s stock valued at $22,175,000 after buying an additional 290,287 shares in the last quarter. Raymond James & Associates raised its stake in Wabash National by 42.4% during the second quarter. Raymond James & Associates now owns 202,034 shares of the company’s stock valued at $4,412,000 after buying an additional 60,178 shares during the last quarter. Finally, VELA Investment Management LLC boosted its holdings in Wabash National by 19.0% in the second quarter. VELA Investment Management LLC now owns 182,102 shares of the company’s stock worth $3,977,000 after acquiring an additional 29,011 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Company Profile

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.