Wabash National (WNC) Stock Rating Reaffirmed by Seaport Global Securities

Seaport Global Securities restated their neutral rating on shares of Wabash National (NYSE:WNC) in a report published on Tuesday morning. Seaport Global Securities also issued estimates for Wabash National’s Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.33 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.65 EPS and FY2019 earnings at $1.75 EPS.

Other equities research analysts also recently issued reports about the company. Craig Hallum reaffirmed a buy rating and set a $27.00 price target on shares of Wabash National in a report on Friday, October 6th. ValuEngine downgraded Wabash National from a strong-buy rating to a buy rating in a report on Monday, October 2nd. Zacks Investment Research raised Wabash National from a hold rating to a buy rating and set a $24.00 price target for the company in a report on Wednesday, September 27th. Stifel Nicolaus decreased their price target on Wabash National from $23.00 to $22.00 and set a hold rating for the company in a report on Monday, November 6th. Finally, BMO Capital Markets reaffirmed a hold rating on shares of Wabash National in a report on Monday, October 23rd. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $23.83.

Shares of Wabash National (NYSE:WNC) opened at $22.00 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.18 and a debt-to-equity ratio of 1.04. Wabash National has a fifty-two week low of $16.74 and a fifty-two week high of $24.16. The firm has a market capitalization of $1,313.44, a price-to-earnings ratio of 16.42, a P/E/G ratio of 0.62 and a beta of 1.69.

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 the Thomson Reuters’ consensus estimate of $0.39 by ($0.05). Wabash National had a return on equity of 18.42% and a net margin of 5.05%. The company had revenue of $425.10 million for the quarter, compared to analyst estimates of $449.05 million. During the same period in the prior year, the business earned $0.50 earnings per share. Wabash National’s revenue for the quarter was down 8.4% compared to the same quarter last year. analysts anticipate that Wabash National will post 1.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.36%. This is an increase from Wabash National’s previous quarterly dividend of $0.06. Wabash National’s dividend payout ratio (DPR) is 22.39%.

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in Wabash National by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 31,360 shares of the company’s stock valued at $689,000 after acquiring an additional 156 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Wabash National by 15.7% in the second quarter. UBS Asset Management Americas Inc. now owns 15,497 shares of the company’s stock valued at $341,000 after acquiring an additional 2,100 shares during the period. Smith Asset Management Group LP lifted its holdings in Wabash National by 1.3% in the third quarter. Smith Asset Management Group LP now owns 173,667 shares of the company’s stock valued at $3,963,000 after acquiring an additional 2,252 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Wabash National by 6.7% in the second quarter. Thrivent Financial For Lutherans now owns 36,280 shares of the company’s stock valued at $797,000 after acquiring an additional 2,280 shares during the period. Finally, Boston Advisors LLC lifted its holdings in Wabash National by 0.9% in the third quarter. Boston Advisors LLC now owns 283,705 shares of the company’s stock valued at $6,474,000 after acquiring an additional 2,580 shares during the period.

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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.

Analyst Recommendations for Wabash National (NYSE:WNC)

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