Wabash National (NYSE:WNC) Releases FY24 Earnings Guidance

Wabash National (NYSE:WNC) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.25 for the period, compared to the consensus estimate of $1.50. The company issued revenue guidance of $1.95 billion, compared to the consensus revenue estimate of $2.03 billion.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and issued a $18.00 target price on shares of Wabash National in a report on Monday, September 30th.

Wabash National Stock Down 2.3 %

WNC opened at $17.05 on Thursday. The business has a 50 day moving average price of $18.87 and a 200 day moving average price of $21.14. Wabash National has a twelve month low of $17.03 and a twelve month high of $30.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99. The firm has a market cap of $750.20 million, a P/E ratio of 5.23 and a beta of 1.52.

Wabash National (NYSE:WNC) last posted its earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The firm had revenue of $550.61 million during the quarter, compared to analyst estimates of $594.77 million. During the same period in the previous year, the company earned $1.54 EPS. The company’s revenue for the quarter was down 19.8% on a year-over-year basis. Research analysts forecast that Wabash National will post 1.53 EPS for the current year.

Wabash National Announces Dividend

The firm 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 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 1.88%. Wabash National’s dividend payout ratio (DPR) is presently 9.82%.

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.