Wabash National (NYSE:WNC) Announces Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Wabash National (NYSE:WNC) announced its quarterly earnings results on Thursday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06), Briefing.com reports. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The business had revenue of $464.00 million for the quarter, compared to the consensus estimate of $477.35 million. During the same quarter last year, the firm posted $1.16 EPS. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. Wabash National updated its FY24 guidance to $1.25 EPS and its FY 2024 guidance to 1.250-1.250 EPS.

Wabash National Stock Performance

Shares of NYSE:WNC traded up $1.07 during midday trading on Friday, reaching $17.97. The company had a trading volume of 837,043 shares, compared to its average volume of 593,464. 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 stock has a market cap of $790.68 million, a P/E ratio of 5.52 and a beta of 1.52. Wabash National has a 52-week low of $15.94 and a 52-week high of $30.07. The company’s 50 day moving average price is $18.81 and its 200 day moving average price is $21.11.

Wabash National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, October 10th. Wabash National’s dividend payout ratio is presently 9.82%.

Wall Street Analyst Weigh In

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

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.