Wabash National Co. (WNC) Expected to Announce Quarterly Sales of $592.00 Million

Wall Street brokerages expect Wabash National Co. (NYSE:WNC) to announce sales of $592.00 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Wabash National’s earnings, with the highest sales estimate coming in at $600.40 million and the lowest estimate coming in at $583.60 million. Wabash National reported sales of $543.44 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The firm is expected to issue its next earnings report on Tuesday, January 29th.

On average, analysts expect that Wabash National will report full year sales of $2.25 billion for the current financial year, with estimates ranging from $2.24 billion to $2.26 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.26 billion, with estimates ranging from $2.25 billion to $2.27 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Wabash National.

Wabash National (NYSE:WNC) last released its earnings results on Tuesday, October 30th. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $553.07 million during the quarter, compared to analysts’ expectations of $552.11 million. Wabash National had a return on equity of 16.97% and a net margin of 4.87%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS.

Several research firms have recently commented on WNC. BMO Capital Markets reissued a “hold” rating and issued a $25.00 target price on shares of Wabash National in a research note on Thursday, July 19th. Zacks Investment Research cut Wabash National from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Stifel Nicolaus decreased their price objective on Wabash National from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Thursday, August 2nd. Piper Jaffray Companies set a $22.00 price objective on Wabash National and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Finally, ValuEngine raised Wabash National from a “strong sell” rating to a “sell” rating in a research note on Monday, July 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.13.

Shares of NYSE WNC traded up $0.19 during midday trading on Friday, hitting $15.72. The stock had a trading volume of 879,600 shares, compared to its average volume of 643,525. The stock has a market capitalization of $845.56 million, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.35 and a beta of 1.90. Wabash National has a fifty-two week low of $12.40 and a fifty-two week high of $26.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.18 and a current ratio of 1.93.

Wabash National announced that its Board of Directors has approved a share repurchase program on Thursday, November 15th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 11.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Thursday, January 3rd will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, January 2nd. This is a boost from Wabash National’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.04%. Wabash National’s payout ratio is 21.74%.

Institutional investors have recently made changes to their positions in the stock. SignalPoint Asset Management LLC acquired a new stake in shares of Wabash National during the third quarter worth $558,000. BlackRock Inc. lifted its holdings in Wabash National by 7.3% during the second quarter. BlackRock Inc. now owns 8,113,463 shares of the company’s stock worth $151,396,000 after acquiring an additional 548,706 shares in the last quarter. Scopus Asset Management L.P. lifted its holdings in Wabash National by 20.7% during the second quarter. Scopus Asset Management L.P. now owns 368,709 shares of the company’s stock worth $6,880,000 after acquiring an additional 63,145 shares in the last quarter. FTB Advisors Inc. lifted its holdings in Wabash National by 6,098.3% during the second quarter. FTB Advisors Inc. now owns 15,000 shares of the company’s stock worth $280,000 after acquiring an additional 14,758 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Wabash National by 5.6% during the second quarter. Legal & General Group Plc now owns 114,382 shares of the company’s stock worth $2,125,000 after acquiring an additional 6,080 shares in the last quarter.

About Wabash National

Wabash National Corporation manufactures and sells semi-trailers, truck bodies, specialized commercial vehicles, and liquid transportation systems. The company's Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, steel coil haulers, and trailers; aftermarket parts and services; and used trailers.

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