FY2025 EPS Estimate for Wabash National Reduced by Analyst

Wabash National Co. (NYSE:WNC - Free Report) - Research analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for shares of Wabash National in a research report issued to clients and investors on Monday, October 28th. DA Davidson analyst M. Shlisky now forecasts that the company will post earnings of $1.24 per share for the year, down from their prior estimate of $1.75. DA Davidson currently 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.

Wabash National Stock Performance

Shares of Wabash National stock traded down $0.09 on Wednesday, hitting $17.83. The stock had a trading volume of 564,889 shares, compared to its average volume of 595,443. The stock has a market cap of $772.75 million, a price-to-earnings ratio of -3.30 and a beta of 1.52. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97. Wabash National has a twelve month low of $15.94 and a twelve month high of $30.07. The business's 50 day moving average is $18.74 and its two-hundred day moving average is $20.81.

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

Hedge Funds Weigh In On Wabash National

Several institutional investors and hedge funds have recently modified their holdings of the business. Kathleen S. Wright Associates Inc. acquired a new position in shares of Wabash National during the 3rd quarter worth approximately $27,000. Innealta Capital LLC acquired a new position in Wabash National in the 2nd quarter valued at $33,000. Point72 Hong Kong Ltd bought a new stake in shares of Wabash National during the 2nd quarter valued at $34,000. CWM LLC grew its holdings in shares of Wabash National by 353.5% during the 2nd quarter. CWM LLC now owns 2,272 shares of the company's stock worth $50,000 after purchasing an additional 1,771 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Wabash National in the second quarter valued at about $66,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Wabash National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, October 10th. Wabash National's dividend payout ratio is currently -5.89%.

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.