Wabash National (NYSE:WNC - Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.250-1.250 for the period, compared to the consensus estimate of 1.500. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Wabash National also updated its FY24 guidance to $1.25 EPS.
Wabash National Trading Down 0.9 %
Shares of WNC traded down $0.16 during trading hours on Thursday, reaching $16.90. 1,187,089 shares of the company traded hands, compared to its average volume of 592,282. The company has a current ratio of 1.99, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm has a market cap of $743.60 million, a price-to-earnings ratio of 5.18 and a beta of 1.52. The stock's fifty day moving average price is $18.81 and its 200 day moving average price is $21.11. 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 earnings results on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The business had revenue of $550.61 million for the quarter, compared to the consensus estimate of $594.77 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The company's revenue for the quarter was down 19.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. Sell-side analysts forecast that Wabash National will post 1.53 earnings per share for the current year.
Wabash National Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $0.08 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.89%. Wabash National's dividend payout ratio is presently 9.82%.
Analyst Upgrades and Downgrades
Separately, DA Davidson restated a "neutral" rating and set a $18.00 price objective on shares of Wabash National in a research note on Monday, September 30th.
Get Our Latest Analysis on WNC
About Wabash National
(
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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.
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