Wabash National (NYSE:WNC – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $1.25 for the period, compared to the consensus EPS estimate of $1.50. The company issued revenue guidance of $1.95 billion, compared to the consensus revenue estimate of $2.03 billion. Wabash National also updated its FY 2024 guidance to 1.250-1.250 EPS.
Analysts Set New Price Targets
Separately, DA Davidson restated a “neutral” rating and set a $18.00 target price on shares of Wabash National in a research report on Monday, September 30th.
Wabash National Price Performance
Wabash National (NYSE:WNC – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.06). Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The company had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $477.35 million. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was down 26.7% on a year-over-year basis. On average, analysts predict that Wabash National will post 1.53 EPS for the current year.
Wabash National Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a $0.08 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.32 dividend on an annualized basis and a yield of 1.78%. Wabash National’s dividend payout ratio (DPR) is 9.82%.
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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