In the latest session, Wabash National Corporation (NYSE: WNC) closed at $24.49 up 1.32% from its previous closing price of $24.17. In other words, the price has increased by $+0.32 from its previous closing price. On the day, 584427 shares were traded. WNC stock price reached its highest trading level at $24.97 during the session, while it also had its lowest trading level at $23.68.
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Ratios:
For a deeper understanding of Wabash National Corporation’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.94. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 1.00.
Upgrades & Downgrades
On December 17, 2021, DA Davidson started tracking the stock assigning a Buy rating and target price of $25.
On March 26, 2021, Vertical Research started tracking the stock assigning a Buy rating and target price of $25.Vertical Research initiated its Buy rating on March 26, 2021, with a $25 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 08 when Smith Dustin T sold 41,327 shares for $27.26 per share. The transaction valued at 1,126,574 led to the insider holds 59,398 shares of the business.
Pettit Michael N sold 36,020 shares of WNC for $979,384 on Mar 08. The SVP and CFO now owns 81,474 shares after completing the transaction at $27.19 per share. On Mar 08, another insider, Page Kevin J, who serves as the SVP, Chief Commercial Officer of the company, sold 22,160 shares for $27.15 each. As a result, the insider received 601,644 and left with 70,134 shares of the company.
Valuation Measures:
As of this moment, Wabash’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.88, and their Forward P/E ratio for the next fiscal year is 8.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 2.95.
Stock Price History:
Over the past 52 weeks, WNC has reached a high of $30.10, while it has fallen to a 52-week low of $12.23. The 50-Day Moving Average of the stock is 26.38, while the 200-Day Moving Average is calculated to be 20.36.
Shares Statistics:
For the past three months, WNC has traded an average of 564.15K shares per day and 558.97k over the past ten days. A total of 47.96M shares are outstanding, with a floating share count of 47.17M. Insiders hold about 1.20% of the company’s shares, while institutions hold 99.70% stake in the company. Shares short for WNC as of Jan 12, 2023 were 2.77M with a Short Ratio of 3.30M, compared to 2.63M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.77% and a Short% of Float of 8.50%.
Dividends & Splits
According to the company, the forward annual dividend rate for WNC is 0.32, from 0.32 in the trailing year. Against a Trailing Annual Dividend Yield of 1.32%, it implies a Forward Annual Dividend Yield of 1.14%. The stock’s 5-year Average Dividend Yield is 2.07. The current Payout Ratio is 13.80% for WNC, which recently paid a dividend on Apr 26, 2023 with an ex-dividend date of Jan 03, 2023. Stock splits for the company last occurred on Jul 28, 1994 when the company split stock in a 3:2 ratio.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.5 and a low estimate of $0.4, while EPS last year was $0.24. The consensus estimate for the next quarter is $0.73, with high estimates of $0.79 and low estimates of $0.66.
Analysts are recommending an EPS of between $2.95 and $2.78 for the fiscal current year, implying an average EPS of $2.88. EPS for the following year is $2.8, with 5 analysts recommending between $3.26 and $2.5.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $624.6M this quarter.It ranges from a high estimate of $627.09M to a low estimate of $621M. As of the current estimate, Wabash National Corporation’s year-ago sales were $546.76M, an estimated increase of 14.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $727.83M, an increase of 13.20% less than the figure of $14.20% in the same quarter last year. There is a high estimate of $749.73M for the next quarter, whereas the lowest estimate is $713M.
A total of 5 analysts have provided revenue estimates for WNC’s current fiscal year. The highest revenue estimate was $2.93B, while the lowest revenue estimate was $2.8B, resulting in an average revenue estimate of $2.88B. In the same quarter a year ago, actual revenue was $2.5B, up 15.00% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.79B in the next fiscal year. The high estimate is $2.92B and the low estimate is $2.58B. The average revenue growth estimate for next year is down -2.90% from the average revenue estimate for this year.
