Wabash National Corporation (NYSE:WNC) released its earnings results on Tuesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.05, Bloomberg Earnings reports. Wabash National Corporation had a return on equity of 23.44% and a net margin of 6.37%. The company had revenue of $435.90 million during the quarter, compared to analyst estimates of $436.85 million. During the same period in the prior year, the business posted $0.55 earnings per share. Wabash National Corporation’s revenue was down 7.5% on a year-over-year basis. Wabash National Corporation updated its FY17 guidance to $1.44-$1.50 EPS.
Wabash National Corporation (NYSE WNC) traded up 4.28% during midday trading on Tuesday, hitting $23.66. 1,349,676 shares of the company traded hands. The stock has a 50 day moving average price of $21.60 and a 200-day moving average price of $20.56. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16. The company has a market cap of $1.42 billion, a PE ratio of 13.72 and a beta of 1.81.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Thursday, July 6th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. Wabash National Corporation’s dividend payout ratio is presently 13.95%.
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Several research firms recently issued reports on WNC. BidaskClub raised shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Monday. BMO Capital Markets reissued a “hold” rating and issued a $20.00 target price on shares of Wabash National Corporation in a research report on Friday, July 7th. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Wabash National Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Wabash National Corporation in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.71.
About Wabash National Corporation
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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