DA Davidson Decreases Earnings Estimates for Wabash National

Wabash National Corporation (NYSE:WNC) – Stock analysts at DA Davidson cut their FY2025 earnings per share estimates for Wabash National in a research report issued to clients and investors on Tuesday, November 4th. DA Davidson analyst M. Shlisky now anticipates that the company will post earnings per share of ($2.00) for the year, down from their previous estimate of ($1.53). DA Davidson currently has a “Neutral” rating and a $9.00 price target on the stock. The consensus estimate for Wabash National’s current full-year earnings is $0.94 per share. DA Davidson also issued estimates for Wabash National’s FY2026 earnings at $0.43 EPS.

Several other equities analysts have also recently weighed in on WNC. National Bankshares set a $9.00 price target on Wabash National in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wabash National in a research note on Wednesday, October 8th. Wall Street Zen lowered Wabash National from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Zacks Research lowered Wabash National from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Wabash National presently has an average rating of “Sell” and an average price target of $9.00.

Wabash National Stock Performance

NYSE WNC opened at $7.87 on Thursday. The stock has a market capitalization of $318.87 million, a PE ratio of -3.25 and a beta of 1.73. The business has a 50 day simple moving average of $9.85 and a two-hundred day simple moving average of $9.93. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.68 and a quick ratio of 1.00. Wabash National has a 1-year low of $6.78 and a 1-year high of $20.63.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, December 1st. The company reported $0.22 earnings per share for the quarter. The business had revenue of $482.57 million during the quarter. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%. Wabash National has set its Q4 2021 guidance at $0.100-$0.150 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH increased its holdings in Wabash National by 48.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 461,499 shares of the company’s stock worth $4,555,000 after purchasing an additional 151,547 shares during the period. AlphaQuest LLC increased its holdings in Wabash National by 423.5% during the 3rd quarter. AlphaQuest LLC now owns 81,801 shares of the company’s stock worth $807,000 after purchasing an additional 66,176 shares during the period. Federated Hermes Inc. increased its holdings in shares of Wabash National by 1.0% in the 3rd quarter. Federated Hermes Inc. now owns 289,968 shares of the company’s stock valued at $2,862,000 after acquiring an additional 2,833 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Wabash National by 96.1% in the 3rd quarter. SummerHaven Investment Management LLC now owns 76,415 shares of the company’s stock valued at $754,000 after acquiring an additional 37,453 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Wabash National by 23.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 68,893 shares of the company’s stock valued at $680,000 after acquiring an additional 13,181 shares during the period. 97.05% of the stock is currently owned by hedge funds and other institutional investors.

Wabash National Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, October 2nd. Wabash National’s dividend payout ratio (DPR) is presently 5.26%.

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.