Wabash National (NYSE:WNC – Get Free Report) updated its FY 2024 earnings guidance on Thursday. 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 Price Performance
Shares of NYSE:WNC traded up $1.08 on Friday, reaching $17.98. 837,043 shares of the company were exchanged, compared to its average volume of 593,464. The company has a current ratio of 1.99, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. Wabash National has a 1-year low of $15.94 and a 1-year high of $30.07. The company has a 50-day moving average of $18.81 and a 200-day moving average of $21.11. The firm has a market cap of $791.12 million, a price-to-earnings ratio of 5.52 and a beta of 1.52.
Wabash National (NYSE:WNC – Get Free Report) last issued 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). Wabash National had a return on equity of 28.24% and a net margin of 6.66%. The company had revenue of $464.00 million for the quarter, compared to analyst estimates of $477.35 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company’s quarterly revenue was down 26.7% compared to the same quarter last year. Equities analysts forecast that Wabash National will post 1.53 earnings per share for the current fiscal year.
Wabash National Dividend Announcement
Wall Street Analyst Weigh In
Separately, DA Davidson reissued a “neutral” rating and issued a $18.00 target price on shares of Wabash National in a report on Monday, September 30th.
Check Out Our Latest Research 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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