Wabash National (NYSE:WNC – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.200-0.250 for the period, compared to the consensus EPS estimate of 0.230. The company issued revenue guidance of $450.0 million-$500.0 million, compared to the consensus revenue estimate of $477.4 million.
Wall Street Analysts Forecast Growth
WNC has been the subject of several research reports. DA Davidson reissued a neutral rating and issued a $23.00 price objective on shares of Wabash National in a research report on Monday, June 24th. StockNews.com downgraded shares of Wabash National from a buy rating to a hold rating in a research note on Friday, April 26th.
Check Out Our Latest Stock Report on WNC
Wabash National Stock Up 2.8 %
Wabash National (NYSE:WNC – Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $550.61 million for the quarter, compared to the consensus estimate of $594.77 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The company’s revenue for the quarter was down 19.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. On average, equities analysts predict that Wabash National will post 1.53 earnings per share for the current fiscal year.
Wabash National Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Wednesday, July 3rd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, July 3rd. Wabash National’s dividend payout ratio (DPR) is currently 7.69%.
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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