Wabash National Corp. [WNC] stock is trading at $28.61, up 1.96%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WNC shares have gain 4.23% over the last week, with a monthly amount glided 8.37%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Wabash Announces Quarterly Dividend. In a post published today on Yahoo Finance, Wabash (NYSE:WNC) today announced that its board of directors declared a regular quarterly dividend of $0.08 per share of the company’s common stock, payable on April 25, 2024, to stockholders of record on April 4, 2024.
From an analyst’s perspective:
Wabash National Corp. [NYSE: WNC] stock has seen the most recent analyst activity on September 27, 2023, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $25 from $36. Previously, Raymond James downgraded its rating to Mkt Perform on July 05, 2023. On December 05, 2022, downgrade downgraded it’s rating to Hold but maintained its price target of $27 on the stock. DA Davidson started tracking the stock assigning a Buy rating and suggested a price target of $25 on December 17, 2021. Vertical Research initiated its recommendation with a Buy and recommended $25 as its price target on March 26, 2021. Raymond James started tracking with a Strong Buy rating for this stock on November 21, 2019, and assigned it a price target of $19. In a note dated July 31, 2019, Craig Hallum downgraded an Hold rating on this stock.
Wabash National Corp. [WNC] stock has fluctuated between $20.09 and $29.12 over the past year. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Wabash National Corp. [NYSE: WNC] shares were valued at $28.61 at the most recent close of the market. An investor can expect a potential drop of -9.12% based on the average WNC price forecast.
Analyzing the WNC fundamentals
Wabash National Corp. [NYSE:WNC] reported sales of 2.54B for the trailing twelve months, which represents a drop of -9.33%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.47 and Total Capital is 0.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.84 points at the first support level, and at 27.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.25, and for the 2nd resistance point, it is at 29.90.
Wabash National Corp. [WNC] reported earnings per share of $1.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.91/share, meaning a difference of $0.18 and a surprise factor of 19.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.16 per share as compared to estimates of $1.02 per share, a difference of $0.14 representing a surprise of 13.70%.
Ratios To Look Out For
For context, Wabash National Corp.’s Current Ratio is 1.93. Further, the Quick Ratio stands at 1.17, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 2.36 and price to earnings (TTM) ratio is 5.95.
Transactions by insiders
Recent insider trading involved Sudhanshu Priyadarshi, Director, that happened on Feb 27 ’24 when 1010.0 shares were sold. Director, Magee Larry J completed a deal on Feb 08 ’24 to sell 17897.0 shares. Meanwhile, Director Magee Larry J sold 3086.0 shares on Feb 07 ’24.
