Wabash National (NYSE:WNC) Issues FY24 Earnings Guidance

Wabash National (NYSE:WNC) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.00-$2.50 for the period, compared to the consensus estimate of $2.19. The company issued revenue guidance of $2.2-$2.4 billion, compared to the consensus revenue estimate of $2.25 billion. Wabash National also updated its FY 2024 guidance to 2.000-2.500 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Wabash National from a hold rating to a buy rating in a report on Thursday, April 18th.

Wabash National Stock Performance

Shares of WNC stock traded down $0.34 during trading on Thursday, hitting $24.08. The company’s stock had a trading volume of 130,777 shares, compared to its average volume of 604,181. The company has a market cap of $1.09 billion, a PE ratio of 5.00 and a beta of 1.58. The company has a current ratio of 1.93, a quick ratio of 1.17 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $27.34 and a 200-day moving average of $24.92. Wabash National has a 52 week low of $20.09 and a 52 week high of $30.07.

Wabash National (NYSE:WNC) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). Wabash National had a net margin of 9.12% and a return on equity of 46.87%. The firm had revenue of $515.28 million for the quarter. As a group, research analysts anticipate that Wabash National will post 2.19 earnings per share for the current year.

Wabash National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, April 3rd. Wabash National’s dividend payout ratio (DPR) is 6.65%.

Insider Buying and Selling at Wabash National

In other Wabash National news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total transaction of $27,330.60. Following the completion of the transaction, the director now directly owns 6,386 shares of the company’s stock, valued at $172,805.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Priyadarshi Sudhanshu sold 1,010 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.06, for a total value of $27,330.60. Following the completion of the transaction, the director now directly owns 6,386 shares of the company’s stock, valued at $172,805.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Larry J. Magee sold 3,086 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the completion of the transaction, the director now directly owns 114,146 shares of the company’s stock, valued at $3,024,869. The disclosure for this sale can be found here. 1.13% of the stock is owned by corporate insiders.

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.