Wabash National Co. (NYSE:WNC) has earned a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $24.75.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Wabash National from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, September 27th. Craig Hallum restated a “buy” rating and issued a $27.00 price target on shares of Wabash National in a research note on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and issued a $22.00 price target on shares of Wabash National in a research note on Tuesday, September 12th. ValuEngine cut Wabash National from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BMO Capital Markets restated a “hold” rating on shares of Wabash National in a research note on Monday, October 23rd.
Wabash National (WNC) opened at $20.56 on Thursday. The stock has a market capitalization of $1,217.90, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.70 and a beta of 1.68. Wabash National has a one year low of $15.59 and a one year high of $24.16. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.18 and a current ratio of 2.03.
Wabash National (NYSE:WNC) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). The company had revenue of $425.10 million for the quarter, compared to analysts’ expectations of $449.05 million. Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. equities research analysts forecast that Wabash National will post 1.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.30 annualized dividend and a dividend yield of 1.46%. This is a boost from Wabash National’s previous quarterly dividend of $0.06. Wabash National’s payout ratio is currently 17.91%.
Several hedge funds have recently bought and sold shares of WNC. Hikari Power Ltd purchased a new position in shares of Wabash National in the second quarter worth $209,000. US Bancorp DE increased its position in Wabash National by 246.9% during the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock valued at $215,000 after acquiring an additional 6,944 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in Wabash National during the second quarter valued at $257,000. Quantbot Technologies LP purchased a new stake in Wabash National during the third quarter valued at $326,000. Finally, Yorktown Management & Research Co Inc increased its position in Wabash National by 21.7% during the third quarter. Yorktown Management & Research Co Inc now owns 14,600 shares of the company’s stock valued at $333,000 after acquiring an additional 2,600 shares during the last quarter.
Wabash National Company Profile
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.
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