Wabash National (NYSE:WNC) Releases Q4 2021 Earnings Guidance

Wabash National (NYSE:WNC) issued an update on its fourth quarter 2021 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.100-$0.150 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.190. The company issued revenue guidance of $490 million-$520 million, compared to the consensus revenue estimate of $518.22 million.

NYSE:WNC traded down $0.20 on Thursday, reaching $18.20. 277,765 shares of the stock traded hands, compared to its average volume of 350,541. The stock has a market capitalization of $900.48 million, a price-to-earnings ratio of 29.35 and a beta of 1.72. Wabash National has a 1-year low of $13.04 and a 1-year high of $20.55. The firm has a 50 day moving average of $16.15. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 1.19.

Wabash National (NYSE:WNC) last issued its earnings results on Tuesday, November 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $482.57 million for the quarter, compared to analysts’ expectations of $517.23 million. Wabash National had a return on equity of 7.76% and a net margin of 1.85%. Wabash National’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. On average, sell-side analysts predict that Wabash National will post 0.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 27th. Investors of record on Thursday, January 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, January 5th. Wabash National’s payout ratio is currently 51.61%.

A number of research firms recently commented on WNC. Zacks Investment Research raised Wabash National from a sell rating to a hold rating in a research report on Saturday, November 6th. TheStreet raised Wabash National from a c+ rating to a b rating in a research report on Friday, October 22nd. Raymond James raised their target price on Wabash National from $18.00 to $22.00 and gave the company a strong-buy rating in a research report on Monday, November 15th. Finally, Stephens decreased their target price on Wabash National from $17.00 to $16.00 and set an equal weight rating for the company in a research report on Thursday, July 29th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of $19.80.

In other news, CEO Brent L. Yeagy sold 3,672 shares of Wabash National stock in a transaction dated Monday, September 27th. The stock was sold at an average price of $16.00, for a total transaction of $58,752.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brent L. Yeagy sold 1,836 shares of Wabash National stock in a transaction dated Tuesday, October 5th. The shares were sold at an average price of $16.00, for a total value of $29,376.00. The disclosure for this sale can be found here. In the last three months, insiders sold 7,344 shares of company stock valued at $117,504. 1.12% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in Wabash National by 128.9% in the second quarter. Royal Bank of Canada now owns 3,523 shares of the company’s stock worth $56,000 after purchasing an additional 1,984 shares during the period. Wells Fargo & Company MN increased its position in Wabash National by 64.3% during the second quarter. Wells Fargo & Company MN now owns 116,585 shares of the company’s stock valued at $1,865,000 after acquiring an additional 45,623 shares during the last quarter. Morgan Stanley increased its position in Wabash National by 12.6% during the second quarter. Morgan Stanley now owns 289,398 shares of the company’s stock valued at $4,631,000 after acquiring an additional 32,340 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Wabash National in the third quarter worth about $276,000. 99.27% of the stock is currently owned by institutional investors and hedge funds.

About Wabash National

Wabash National Corp. engages in the design, manufacture and market of semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. It operates through the following segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment manufactures van and platform trailers and other transportation related equipment to customers who purchase directly from the Company or through independent dealers.

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