News headlines about Wabash National (NYSE:WNC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wabash National earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.8130594057345 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Wabash National Corporation : Announces Earnings Release Date (4-traders.com)
- Wabash National (WNC) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- New NOC Enid men’s basketball coach straight outta ‘Hoosiers’ (enidnews.com)
- Wabash National (WNC) Given a $22.00 Price Target at Stifel Nicolaus (americanbankingnews.com)
A number of brokerages have recently commented on WNC. BMO Capital Markets upped their target price on Wabash National to $24.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their price target on Wabash National from $23.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Zacks Investment Research downgraded Wabash National from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. OTR Global upgraded Wabash National to a “positive” rating in a research report on Thursday, March 1st. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Wabash National in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.80.
Wabash National (NYSE:WNC) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $543.40 million during the quarter, compared to analysts’ expectations of $517.96 million. Wabash National had a return on equity of 17.69% and a net margin of 6.31%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. equities research analysts anticipate that Wabash National will post 1.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, April 4th. This represents a $0.30 annualized dividend and a yield of 1.40%. Wabash National’s dividend payout ratio (DPR) is 21.74%.
In other news, CEO Richard J. Giromini sold 58,300 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $25.04, for a total transaction of $1,459,832.00. Following the completion of the transaction, the chief executive officer now directly owns 803,680 shares in the company, valued at $20,124,147.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.90% of the stock is owned by company insiders.
About Wabash National
Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.
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