Wabash National (NYSE:WNC – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.00-$2.50 for the period, compared to the consensus estimate of $2.19. The company issued revenue guidance of $2.2-$2.4 billion, compared to the consensus revenue estimate of $2.25 billion. Wabash National also updated its FY 2024 guidance to 2.000-2.500 EPS.
Wabash National Stock Up 2.5 %
NYSE WNC opened at $24.61 on Friday. The stock’s 50 day moving average is $27.26 and its 200 day moving average is $24.93. The company has a current ratio of 1.87, a quick ratio of 1.17 and a debt-to-equity ratio of 0.73. Wabash National has a 12 month low of $20.09 and a 12 month high of $30.07. The stock has a market cap of $1.11 billion, a PE ratio of 5.92 and a beta of 1.58.
Wabash National (NYSE:WNC – Get Free Report) last posted 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). Wabash National had a return on equity of 37.84% and a net margin of 8.15%. The business had revenue of $515.28 million during the quarter. Research analysts predict that Wabash National will post 2.19 EPS for the current fiscal year.
Wabash National Dividend Announcement
Analysts Set New Price Targets
Separately, StockNews.com downgraded Wabash National from a buy rating to a hold rating in a research note on Friday.
Read Our Latest Analysis on Wabash National
Insiders Place Their Bets
In other Wabash National news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Wabash National news, Director Larry J. Magee sold 3,086 shares of Wabash National stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $26.50, for a total value of $81,779.00. Following the sale, the director now owns 114,146 shares of the company’s stock, valued at approximately $3,024,869. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Priyadarshi Sudhanshu sold 1,010 shares of the business’s 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 approximately $172,805.16. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.
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.
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