Wabash National (NYSE:WNC) Issues FY 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.000-2.500 for the period, compared to the consensus earnings per share estimate of 2.190. The company issued revenue guidance of $2.2 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion. Wabash National also updated its FY24 guidance to $2.00-$2.50 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Wabash National from a buy rating to a hold rating in a research note on Friday.

Wabash National Stock Up 2.5 %

NYSE WNC traded up $0.61 during trading hours on Friday, hitting $24.61. The company’s stock had a trading volume of 733,906 shares, compared to its average volume of 514,556. Wabash National has a 52 week low of $20.09 and a 52 week high of $30.07. The company has a market capitalization of $1.11 billion, a PE ratio of 5.92 and a beta of 1.58. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73. The company’s 50-day simple moving average is $27.26 and its two-hundred day simple moving average is $24.93.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a return on equity of 37.84% and a net margin of 8.15%. The firm had revenue of $515.28 million for the quarter. Research analysts anticipate that Wabash National will post 2.19 EPS for the current fiscal year.

Wabash National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.30%. Wabash National’s dividend payout ratio (DPR) is presently 7.69%.

Insider Buying and Selling

In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total transaction of $81,779.00. Following the completion of the transaction, the director now owns 114,146 shares of the company’s stock, valued at $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by insiders.

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.