DA Davidson Weighs in on Wabash National Co.’s Q2 2024 Earnings (NYSE:WNC)

Wabash National Co. (NYSE:WNC) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for Wabash National in a note issued to investors on Monday, April 29th. DA Davidson analyst M. Shlisky forecasts that the company will post earnings of $0.57 per share for the quarter. The consensus estimate for Wabash National’s current full-year earnings is $2.19 per share. DA Davidson also issued estimates for Wabash National’s FY2025 earnings at $2.73 EPS.

Wabash National (NYSE:WNC) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The firm had revenue of $515.28 million during the quarter. Wabash National had a net margin of 8.15% and a return on equity of 37.84%.

Separately, StockNews.com lowered shares of Wabash National from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Wabash National Price Performance

NYSE:WNC opened at $22.69 on Tuesday. The firm has a market cap of $1.02 billion, a PE ratio of 5.45 and a beta of 1.58. Wabash National has a 12 month low of $20.09 and a 12 month high of $30.07. The company has a quick ratio of 1.11, a current ratio of 1.87 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $27.11 and its two-hundred day moving average price is $24.98.

Hedge Funds Weigh In On Wabash National

Large investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. bought a new stake in Wabash National in the third quarter valued at approximately $1,595,000. AQR Capital Management LLC increased its stake in Wabash National by 12.7% in the third quarter. AQR Capital Management LLC now owns 547,322 shares of the company’s stock valued at $11,559,000 after purchasing an additional 61,887 shares in the last quarter. American Century Companies Inc. increased its stake in Wabash National by 99.0% in the third quarter. American Century Companies Inc. now owns 264,288 shares of the company’s stock valued at $5,582,000 after purchasing an additional 131,512 shares in the last quarter. Quantbot Technologies LP increased its stake in Wabash National by 143.4% in the third quarter. Quantbot Technologies LP now owns 38,185 shares of the company’s stock valued at $806,000 after purchasing an additional 22,495 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Wabash National by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 593,057 shares of the company’s stock valued at $12,525,000 after purchasing an additional 49,443 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Wabash National

In other news, Director Larry J. Magee sold 3,086 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the transaction, the director now directly owns 114,146 shares in the company, valued at $3,024,869. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Priyadarshi Sudhanshu sold 1,010 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $27.06, for a total value of $27,330.60. Following the transaction, the director now directly owns 6,386 shares in the company, valued at $172,805.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Larry J. Magee sold 3,086 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $26.50, for a total transaction of $81,779.00. Following the completion of the transaction, the director now owns 114,146 shares in the company, valued at $3,024,869. The disclosure for this sale can be found here. 1.78% of the stock is owned by company insiders.

Wabash National Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.41%. Wabash National’s payout ratio is 7.69%.

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.