Wabash National (NYSE:WNC) Shares Gap Down Following Weak Earnings

Wabash National Co. (NYSE:WNC - Get Free Report)'s stock price gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $15.64, but opened at $15.24. Wabash National shares last traded at $16.09, with a volume of 210,287 shares trading hands.

The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Wabash National had a positive return on equity of 22.98% and a negative net margin of 10.94%. During the same period in the prior year, the company earned $1.07 earnings per share.

Wabash National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Friday, January 10th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, January 10th. Wabash National's dividend payout ratio is presently -5.89%.

Insider Transactions at Wabash National

In other Wabash National news, SVP Michael N. Pettit sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $17.19, for a total value of $25,785.00. Following the sale, the senior vice president now owns 117,227 shares in the company, valued at $2,015,132.13. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.78% of the company's stock.

Institutional Investors Weigh In On Wabash National

Large investors have recently added to or reduced their stakes in the business. Kathleen S. Wright Associates Inc. acquired a new position in shares of Wabash National in the third quarter valued at $27,000. Gladius Capital Management LP acquired a new position in Wabash National in the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. bought a new position in Wabash National in the 3rd quarter valued at about $44,000. Point72 DIFC Ltd acquired a new stake in Wabash National during the second quarter worth approximately $100,000. Finally, EMC Capital Management grew its position in shares of Wabash National by 88.1% in the fourth quarter. EMC Capital Management now owns 8,250 shares of the company's stock valued at $141,000 after purchasing an additional 3,864 shares during the last quarter. Institutional investors own 97.05% of the company's stock.

Wabash National Stock Performance

The company has a market cap of $676.71 million, a P/E ratio of -2.88 and a beta of 1.57. The stock has a 50 day moving average price of $17.72 and a two-hundred day moving average price of $18.75. The company has a quick ratio of 1.12, a current ratio of 1.88 and a debt-to-equity ratio of 1.97.

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.