Wabash National Corporation Plans Quarterly Dividend of $0.06 (WNC)
Wabash National Corporation (NYSE:WNC) declared a quarterly dividend on Thursday, September 21st, RTT News reports. Stockholders of record on Thursday, October 5th will be given a dividend of 0.06 per share on Thursday, October 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%.
Wabash National Corporation (NYSE:WNC) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.05). Wabash National Corporation had a net margin of 5.77% and a return on equity of 20.76%. The business had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $436.85 million. During the same quarter in the prior year, the firm earned $0.55 EPS. Wabash National Corporation’s revenue for the quarter was down 7.5% on a year-over-year basis.
Several equities analysts recently weighed in on the company. BidaskClub upgraded Wabash National Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. BMO Capital Markets restated a “hold” rating and issued a $20.00 price target on shares of Wabash National Corporation in a research note on Friday, July 7th. Zacks Investment Research upgraded Wabash National Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. ValuEngine upgraded Wabash National Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $22.00 price target on shares of Wabash National Corporation in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.57.
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About Wabash National Corporation
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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