Wabash National (NYSE:WNC – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $1.25 for the period, compared to the consensus EPS estimate of $1.50. The company issued revenue guidance of $1.95 billion, compared to the consensus revenue estimate of $2.03 billion. Wabash National also updated its FY 2024 guidance to 1.250-1.250 EPS.
Wall Street Analysts Forecast Growth
Separately, DA Davidson reiterated a “neutral” rating and issued a $18.00 target price on shares of Wabash National in a report on Monday, September 30th.
Read Our Latest Stock Analysis on Wabash National
Wabash National Stock Up 6.4 %
Wabash National (NYSE:WNC – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The business had revenue of $464.00 million during the quarter, compared to the consensus estimate of $477.35 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. Wabash National’s revenue was down 26.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 EPS. Analysts anticipate that Wabash National will post 1.53 earnings per share for the current year.
Wabash National Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, October 10th. Wabash National’s dividend 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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