An Evaluation Of Wabash National Corp. (NYSE: WNC) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Wabash Announces Fourth Quarter and Full Year 2023 Results.

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Stocks Info

WNC belongs to the Industrials sector of the NYSE while operating in the Farm & Heavy Construction Machinery industry. The current market capitalization of Wabash National Corp. is $1.29B. A total of 1.32 million shares were traded on the day, compared to an average of 578.84K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, WNC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 17 SELLs from insiders. Insiders purchased 459,497 shares during that period but sold 555,535.

In the most recent transaction, Magee Larry J sold 13,000 shares of WNC for 26.15 per share on May 01. After the transaction, the Director now owns 111,874 company shares. In a previous transaction on Mar 08, Smith Dustin T sold 41,327 shares at 27.26 per share. WNC shares that SVP, Chief Strategy Officer owns now total 59,398.

Among the insiders who sold shares, Pettit Michael N disposed of 36,020 shares on Mar 08 at a per-share price of $27.19. This resulted in the SVP and CFO holding 81,474 shares of WNC after the transaction. In another insider transaction, Page Kevin J sold 22,160 shares at $27.15 per share on Mar 08. Company shares held by the SVP, Chief Commercial Officer now total 70,134.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Wabash National Corp. pays an annual dividend of $0.32, resulting in a dividend yield of 1.14%, and it has a price to earnings (P/E) ratio of 5.82. WNC’s most recent ex-dividend date was 1/3/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 1/25/2024. Previously, the company paid the dividend on 10/26/2023 with an ex-dividend date of 10/4/2023. The WNC stock dividend was $0.08 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WNC in the last 3 months, the mean price target is $25.67 with high estimates of $30.00 and low estimates of $22.00. In terms of 52-week highs and lows, WNC has a high of $30.10 and a low of $20.09.

As of this writing, WNC has an earnings estimate of $Western Digital Corporation per share for the current quarter. EPS was calculated based on a consensus of Wells Fargo & Company estimates, with a high estimate of $PNC Financial Services Group, I per share and a lower estimate of $WNS (Holdings) Limited Sponsore.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. WNC’s latest balance sheet shows that the firm has $71.78M in Cash & Short Term Investments as of fiscal 2021. There were $431.88M in debt and $289.32M in liabilities at the time. Its Book Value Per Share was $12.11, while its Total Shareholder’s Equity was $325.54M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WNC is Buy with a score of 3.00.

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