Wabash National (NYSE:WNC – Get Free Report) 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.
Check Out Our Latest Research Report on Wabash National
Wabash National Price Performance
Wabash National (NYSE:WNC – Get Free Report) 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.
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