Wabash National (NYSE:WNC) Issues FY 2024 Earnings Guidance

Wabash National (NYSE:WNC) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.250-1.250 for the period, compared to the consensus EPS estimate of 1.500. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Wabash National also updated its FY24 guidance to $1.25 EPS.

Analyst Upgrades and Downgrades

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

Wabash National Price Performance

NYSE WNC traded down $0.69 during midday trading on Thursday, hitting $16.37. The company had a trading volume of 124,798 shares, compared to its average volume of 586,712. The company has a market capitalization of $720.28 million, a PE ratio of 5.23 and a beta of 1.52. The company has a current ratio of 1.99, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The firm 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 $16.30 and a twelve month high of $30.07.

Wabash National (NYSE:WNC) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $550.61 million for the quarter, compared to analyst estimates of $594.77 million. During the same quarter last year, the company posted $1.54 EPS. The company’s revenue for the quarter was down 19.8% compared to the same quarter last year. As a group, analysts anticipate that Wabash National will post 1.53 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

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 paid a $0.08 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.32 annualized dividend and a dividend yield of 1.95%. Wabash National’s payout ratio is 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.