Wabash National (NYSE:WNC – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.250-1.250 for the period, compared to the consensus earnings per share estimate of 1.500. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Wabash National also updated its FY24 guidance to $1.25 EPS.
Wabash National Trading Up 6.4 %
Shares of WNC stock traded up $1.08 on Friday, hitting $17.98. 837,043 shares of the stock traded hands, compared to its average volume of 593,464. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.99. Wabash National has a twelve month low of $15.94 and a twelve month high of $30.07. The firm’s 50-day moving average price is $18.78 and its two-hundred day moving average price is $21.03. The stock has a market capitalization of $791.12 million, a PE ratio of 5.51 and a beta of 1.52.
Wabash National (NYSE:WNC – Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The firm had revenue of $464.00 million during the quarter, compared to analyst estimates of $477.35 million. Wabash National had a net margin of 6.66% and a return on equity of 28.24%. The business’s revenue for the quarter was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. As a group, analysts anticipate that Wabash National will post 1.53 EPS for the current year.
Wabash National Announces Dividend
Wall Street Analyst Weigh In
Separately, DA Davidson reiterated a “neutral” rating and set a $18.00 price target on shares of Wabash National in a report on Monday, September 30th.
Check Out Our Latest Stock Report on Wabash National
Wabash National Company Profile
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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