Wabash National Corporation (WNC) to Issue Quarterly Dividend of $0.06 on October 26th
Wabash National Corporation (NYSE:WNC) announced a quarterly dividend on Thursday, September 21st, RTT News reports. Stockholders of record on Thursday, October 5th will be given a dividend of 0.06 per share on Thursday, October 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, October 4th.
Wabash National Corporation (NYSE:WNC) opened at 22.90 on Tuesday. The company’s 50-day moving average price is $21.00 and its 200-day moving average price is $21.05. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.76 and a beta of 1.78. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16.
Wabash National Corporation (NYSE:WNC) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). The company had revenue of $435.90 million during the quarter, compared to analyst estimates of $436.85 million. Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. Equities analysts expect that Wabash National Corporation will post $1.46 EPS for the current fiscal year.
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Several analysts have recently commented on the stock. Aegis increased their price target on shares of Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Craig Hallum upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Wabash National Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised Wabash National Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, September 27th. Finally, ValuEngine downgraded Wabash National Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.17.
Wabash National Corporation Company Profile
Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.
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