Wabash National Corporation (WNC) Updates FY18 Earnings Guidance
Wabash National Corporation (NYSE:WNC) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.55-1.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.51. Wabash National Corporation also updated its FY17 guidance to $1.33-1.37 EPS.
A number of equities research analysts have issued reports on WNC shares. ValuEngine downgraded shares of Wabash National Corporation from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. BMO Capital Markets restated a hold rating on shares of Wabash National Corporation in a research note on Monday, October 23rd. BidaskClub upgraded shares of Wabash National Corporation from a hold rating to a buy rating in a research note on Monday, July 24th. Craig Hallum restated a buy rating and set a $27.00 price target on shares of Wabash National Corporation in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Wabash National Corporation from a hold rating to a buy rating and set a $24.00 price target on the stock in a research note on Wednesday, September 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $22.86.
Wabash National Corporation (NYSE WNC) traded up 2.23% on Tuesday, reaching $22.50. 807,936 shares of the company were exchanged. The stock has a 50 day moving average of $21.99 and a 200 day moving average of $21.34. The firm has a market capitalization of $1.33 billion, a PE ratio of 14.51 and a beta of 1.78. Wabash National Corporation has a 12-month low of $10.74 and a 12-month high of $24.16.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, October 4th. Wabash National Corporation’s dividend payout ratio (DPR) is currently 15.48%.
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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