BMO Capital Markets reiterated their hold rating on shares of Wabash National Corporation (NYSE:WNC) in a report issued on Friday, July 7th. The firm currently has a $20.00 price target on the stock.
A number of other research analysts have also issued reports on WNC. Seaport Global Securities reiterated a neutral rating on shares of Wabash National Corporation in a research report on Thursday, April 6th. Zacks Investment Research lowered Wabash National Corporation from a strong-buy rating to a hold rating in a research report on Wednesday, April 12th. ValuEngine upgraded Wabash National Corporation from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Wabash National Corporation from a sell rating to a hold rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $18.71.
Wabash National Corporation (WNC) traded down 3.84% during mid-day trading on Friday, reaching $19.03. 1,624,176 shares of the company’s stock traded hands. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16. The stock has a 50 day moving average of $21.77 and a 200 day moving average of $20.76. The company has a market cap of $1.12 billion, a P/E ratio of 12.27 and a beta of 1.82.
Wabash National Corporation (NYSE:WNC) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.05. Wabash National Corporation had a return on equity of 20.76% and a net margin of 5.77%. The firm had revenue of $435.90 million for the quarter, compared to analyst estimates of $436.85 million. During the same period in the previous year, the business earned $0.55 EPS. Wabash National Corporation’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, equities research analysts predict that Wabash National Corporation will post $1.49 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.26%. Wabash National Corporation’s payout ratio is currently 15.48%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in Wabash National Corporation during the first quarter valued at approximately $108,000. Meeder Asset Management Inc. raised its position in Wabash National Corporation by 390.1% in the second quarter. Meeder Asset Management Inc. now owns 7,450 shares of the company’s stock valued at $163,000 after buying an additional 5,930 shares in the last quarter. TrimTabs Asset Management LLC raised its position in Wabash National Corporation by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 7,479 shares of the company’s stock valued at $155,000 after buying an additional 3,520 shares in the last quarter. Ronna Sue Cohen bought a new position in Wabash National Corporation during the second quarter valued at approximately $203,000. Finally, US Bancorp DE raised its position in Wabash National Corporation by 246.9% in the second quarter. US Bancorp DE now owns 9,757 shares of the company’s stock valued at $215,000 after buying an additional 6,944 shares in the last quarter.
Wabash National Corporation 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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