Somewhat Positive News Coverage Somewhat Unlikely to Affect Wabash National (WNC) Stock Price
News articles about Wabash National (NYSE:WNC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wabash National earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.6011338942912 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Wabash National (WNC) opened at $20.30 on Thursday. The company has a quick ratio of 1.18, a current ratio of 2.03 and a debt-to-equity ratio of 1.04. The firm has a market cap of $1,187.82, a P/E ratio of 14.39, a P/E/G ratio of 0.69 and a beta of 1.68. Wabash National has a fifty-two week low of $14.39 and a fifty-two week high of $24.16.
Wabash National (NYSE:WNC) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). The company had revenue of $425.10 million during the quarter, compared to analyst estimates of $449.05 million. Wabash National had a net margin of 5.05% and a return on equity of 18.42%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. research analysts expect that Wabash National will post 1.37 EPS for the current year.
WNC has been the subject of a number of research analyst reports. ValuEngine cut shares of Wabash National from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “hold” rating on shares of Wabash National in a research note on Monday, October 23rd. Craig Hallum reiterated a “buy” rating and issued a $27.00 target price on shares of Wabash National in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Wabash National from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded shares of Wabash National from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Wabash National currently has an average rating of “Hold” and an average price target of $22.86.
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Wabash National 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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