DA Davidson Lowers Earnings Estimates for Wabash National

Wabash National Co. (NYSE:WNC - Free Report) - Stock analysts at DA Davidson dropped their FY2024 earnings estimates for shares of Wabash National in a research note issued on Monday, October 28th. DA Davidson analyst M. Shlisky now anticipates that the company will earn $1.29 per share for the year, down from their prior forecast of $1.53. DA Davidson has a "Neutral" rating and a $18.00 price target on the stock. The consensus estimate for Wabash National's current full-year earnings is $1.25 per share. DA Davidson also issued estimates for Wabash National's Q4 2024 earnings at $0.02 EPS.

Wabash National Trading Down 3.1 %

WNC stock traded down $0.57 during mid-day trading on Tuesday, reaching $17.92. The company had a trading volume of 809,626 shares, compared to its average volume of 595,590. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.88 and a quick ratio of 1.12. The company has a market capitalization of $776.65 million, a PE ratio of -3.41 and a beta of 1.52. The firm has a 50 day moving average of $18.75 and a 200 day moving average of $20.87. Wabash National has a 12 month low of $15.94 and a 12 month high of $30.07.

Wabash National (NYSE:WNC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.04). The firm had revenue of $464.00 million during the quarter, compared to analysts' expectations of $477.35 million. Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. The business's revenue for the quarter was down 26.7% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share.

Wabash National Announces Dividend

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 of this dividend is Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.79%. Wabash National's dividend payout ratio is presently -5.89%.

Hedge Funds Weigh In On Wabash National

A number of hedge funds and other institutional investors have recently modified their holdings of WNC. QRG Capital Management Inc. boosted its stake in Wabash National by 4.2% in the first quarter. QRG Capital Management Inc. now owns 14,910 shares of the company's stock valued at $446,000 after acquiring an additional 606 shares in the last quarter. ProShare Advisors LLC boosted its stake in Wabash National by 7.2% in the first quarter. ProShare Advisors LLC now owns 9,273 shares of the company's stock valued at $278,000 after acquiring an additional 624 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Wabash National by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 31,310 shares of the company's stock valued at $684,000 after acquiring an additional 690 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Wabash National by 2.8% in the first quarter. Illinois Municipal Retirement Fund now owns 26,265 shares of the company's stock valued at $786,000 after acquiring an additional 708 shares in the last quarter. Finally, Kendall Capital Management boosted its stake in Wabash National by 4.0% in the second quarter. Kendall Capital Management now owns 31,525 shares of the company's stock valued at $689,000 after acquiring an additional 1,200 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.

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.