Wabash National Corporation Expected to Post FY2018 Earnings of $1.47 Per Share (WNC)

Wabash National Corporation (NYSE:WNC) – Equities research analysts at Craig Hallum increased their FY2018 earnings per share estimates for shares of Wabash National Corporation in a note issued to investors on Thursday. Craig Hallum analyst S. Dyer now expects that the company will earn $1.47 per share for the year, up from their prior estimate of $1.42. Craig Hallum currently has a “Buy” rating and a $27.00 target price on the stock.

Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The company had revenue of $435.90 million for the quarter, compared to analyst estimates of $436.85 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue was down 7.5% on a year-over-year basis.

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WNC has been the topic of several other reports. Stifel Nicolaus reissued a “hold” rating and set a $22.00 target price on shares of Wabash National Corporation in a research note on Tuesday, September 12th. ValuEngine raised shares of Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Wabash National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Aegis raised their price objective on shares of Wabash National Corporation from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, BidaskClub raised shares of Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Wabash National Corporation has an average rating of “Hold” and a consensus price target of $22.86.

Shares of Wabash National Corporation (NYSE:WNC) traded up 1.12% during midday trading on Monday, reaching $22.59. 294,205 shares of the company’s stock traded hands. The company has a 50 day moving average of $21.27 and a 200 day moving average of $21.12. Wabash National Corporation has a 52-week low of $10.74 and a 52-week high of $24.16. The firm has a market cap of $1.33 billion, a PE ratio of 14.56 and a beta of 1.78.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio (DPR) is 15.48%.

Several institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its stake in shares of Wabash National Corporation by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 24,500 shares of the company’s stock valued at $539,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Wabash National Corporation by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock valued at $689,000 after buying an additional 156 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Wabash National Corporation by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 33,105 shares of the company’s stock valued at $685,000 after buying an additional 189 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Wabash National Corporation by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 13,397 shares of the company’s stock valued at $277,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Wabash National Corporation by 0.6% in the second quarter. Arizona State Retirement System now owns 31,400 shares of the company’s stock valued at $690,000 after buying an additional 200 shares in the last quarter.

About Wabash National Corporation

Wabash National Corporation is a diversified industrial manufacturer and producer of semi-trailers and liquid transportation systems. The Company’s segments include Commercial Trailer Products; Diversified Products, and Corporate and Eliminations segment. The Company designs, manufactures and markets a range of products, including dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment.

Earnings History and Estimates for Wabash National Corporation (NYSE:WNC)

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