Wabash National (NYSE:WNC) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Wabash National (NYSE:WNC) issued its earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.04), Briefing.com reports. The firm had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The company’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 EPS. Wabash National updated its FY24 guidance to $1.25 EPS and its FY 2024 guidance to 1.250-1.250 EPS.

Wabash National Stock Up 6.4 %

WNC traded up $1.08 during trading on Friday, hitting $17.98. The stock had a trading volume of 837,043 shares, compared to its average volume of 593,464. The company has a market capitalization of $809.51 million, a PE ratio of 4.32 and a beta of 1.52. Wabash National has a twelve month low of $15.94 and a twelve month high of $30.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99. The stock has a 50 day simple moving average of $18.78 and a two-hundred day simple moving average of $20.98.

Wabash National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.78%. Wabash National’s dividend payout ratio is presently 7.69%.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “neutral” rating and set a $18.00 target price on shares of Wabash National in a research report on Monday, September 30th.

About Wabash National

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.