FY2024 EPS Estimates for Wabash National Co. Increased by DA Davidson (NYSE:WNC)

Wabash National Co. (NYSE:WNC) – Investment analysts at DA Davidson upped their FY2024 EPS estimates for Wabash National in a note issued to investors on Monday, April 29th. DA Davidson analyst M. Shlisky now expects that the company will earn $2.12 per share for the year, up from their prior forecast of $2.08. The consensus estimate for Wabash National’s current full-year earnings is $2.19 per share.

Separately, StockNews.com cut shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Wabash National Price Performance

Shares of NYSE WNC opened at $23.12 on Wednesday. The firm has a 50-day simple moving average of $27.17 and a 200-day simple moving average of $25.00. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 5.56 and a beta of 1.58. The company has a quick ratio of 1.11, a current ratio of 1.87 and a debt-to-equity ratio of 0.73. Wabash National has a 52 week low of $20.09 and a 52 week high of $30.07.

Wabash National (NYSE:WNC) last issued its earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The business had revenue of $515.28 million during the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 4th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, April 3rd. Wabash National’s payout ratio is currently 7.69%.

Insider Buying and Selling

In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction dated Wednesday, February 7th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other Wabash National news, Director Larry J. Magee sold 3,086 shares of the stock in a transaction dated Wednesday, February 7th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the transaction, the director now directly owns 6,386 shares of the company’s stock, valued at approximately $172,805.16. The disclosure for this sale can be found here. 1.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new position in shares of Wabash National in the fourth quarter valued at approximately $36,000. Quadrant Capital Group LLC boosted its stake in shares of Wabash National by 61.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock valued at $38,000 after purchasing an additional 565 shares during the period. Tradewinds Capital Management LLC purchased a new position in shares of Wabash National in the first quarter valued at approximately $48,000. EMC Capital Management purchased a new position in shares of Wabash National in the third quarter valued at approximately $129,000. Finally, Mutual of America Capital Management LLC purchased a new position in shares of Wabash National in the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 97.05% of the company’s stock.

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.