$604.75 Million in Sales Expected for Wabash National Co. (WNC) This Quarter
Brokerages expect Wabash National Co. (NYSE:WNC) to announce $604.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Wabash National’s earnings, with the highest sales estimate coming in at $607.00 million and the lowest estimate coming in at $602.50 million. Wabash National posted sales of $425.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 42.3%. The firm is expected to announce its next earnings report on Tuesday, October 30th.
According to Zacks, analysts expect that Wabash National will report full year sales of $2.32 billion for the current financial year. For the next year, analysts expect that the company will post sales of $2.23 billion, with estimates ranging from $2.18 billion to $2.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Wabash National.
Wabash National (NYSE:WNC) last posted its earnings results on Tuesday, July 31st. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.08). Wabash National had a net margin of 5.86% and a return on equity of 17.85%. The business had revenue of $612.69 million during the quarter, compared to analysts’ expectations of $611.30 million.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. NumerixS Investment Technologies Inc lifted its position in Wabash National by 36.4% in the second quarter. NumerixS Investment Technologies Inc now owns 10,500 shares of the company’s stock worth $194,000 after buying an additional 2,800 shares during the last quarter. Rhumbline Advisers lifted its position in Wabash National by 2.2% in the second quarter. Rhumbline Advisers now owns 142,235 shares of the company’s stock worth $2,654,000 after buying an additional 3,108 shares during the last quarter. Foundry Partners LLC lifted its position in Wabash National by 17.8% in the second quarter. Foundry Partners LLC now owns 22,175 shares of the company’s stock worth $414,000 after buying an additional 3,350 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in Wabash National by 39.5% in the second quarter. Xact Kapitalforvaltning AB now owns 14,488 shares of the company’s stock worth $270,000 after buying an additional 4,100 shares during the last quarter. Finally, Smith Asset Management Group LP lifted its position in Wabash National by 4.0% in the second quarter. Smith Asset Management Group LP now owns 111,516 shares of the company’s stock worth $2,081,000 after buying an additional 4,256 shares during the last quarter.
Shares of WNC stock traded down $0.55 on Monday, reaching $17.51. The company’s stock had a trading volume of 375,107 shares, compared to its average volume of 604,873. Wabash National has a 1 year low of $17.44 and a 1 year high of $26.54. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.20 and a current ratio of 1.96. The firm has a market cap of $1.04 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.33 and a beta of 1.79.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Thursday, October 4th will be given a $0.075 dividend. The ex-dividend date is Wednesday, October 3rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.71%. Wabash National’s dividend payout ratio is presently 21.74%.
Wabash National Company Profile
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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