Brokerages Anticipate Wabash National Corporation (WNC) Will Announce Quarterly Sales of $535.31 Million
Wall Street brokerages forecast that Wabash National Corporation (NYSE:WNC) will post $535.31 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Wabash National Corporation’s earnings, with estimates ranging from $529.90 million to $544.30 million. Wabash National Corporation posted sales of $462.06 million in the same quarter last year, which would indicate a positive year over year growth rate of 15.9%. The company is scheduled to announce its next earnings report on Tuesday, January 30th.
On average, analysts expect that Wabash National Corporation will report full-year sales of $535.31 million for the current financial year, with estimates ranging from $1.75 billion to $1.77 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.01 billion per share, with estimates ranging from $1.98 billion to $2.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Wabash National Corporation.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). Wabash National Corporation had a net margin of 5.05% and a return on equity of 18.42%. The business had revenue of $425.10 million during the quarter, compared to analysts’ expectations of $449.05 million. During the same period in the prior year, the firm posted $0.50 EPS. Wabash National Corporation’s revenue for the quarter was down 8.4% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the company. Hikari Power Ltd acquired a new position in shares of Wabash National Corporation during the 2nd quarter worth approximately $209,000. US Bancorp DE raised its position in shares of Wabash National Corporation by 246.9% during the 2nd quarter. US Bancorp DE now owns 9,757 shares of the company’s stock worth $215,000 after purchasing an additional 6,944 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Wabash National Corporation during the 2nd quarter worth approximately $235,000. ETRADE Capital Management LLC acquired a new position in shares of Wabash National Corporation during the 2nd quarter worth approximately $257,000. Finally, State of Alaska Department of Revenue raised its position in shares of Wabash National Corporation by 79.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,877 shares of the company’s stock worth $261,000 after purchasing an additional 5,257 shares during the last quarter.
Shares of Wabash National Corporation (NYSE WNC) opened at $19.11 on Friday. Wabash National Corporation has a twelve month low of $13.31 and a twelve month high of $24.16. The firm has a market capitalization of $1,135.33, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 0.66 and a beta of 1.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.03 and a quick ratio of 1.18.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.26%. Wabash National Corporation’s payout ratio is 17.91%.
About Wabash National Corporation
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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