Wabash National Corporation (WNC) is Initiated by CLSA to Underperform

Wabash National Corporation (WNC) was Initiated by CLSA to “Underperform”. CLSA advised their investors in a research report released on Sep 30, 2016.

On the company’s financial health, Wabash National Corporation reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.25. The company had revenue of $447.67 million for the quarter, compared to analysts expectations of $431.44 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Wabash National Corporation (WNC) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $14.25 and reached the intraday high at $14.33. The bulls started the profit booking and pushed the shares to intraday low of $14.04. The trading session was marked by a volume range of 8,16,490 shares exchanging hands. The 52-week high of the shares is $14.97 and the 52-week low is $9.68. The market cap of the company stands at $911 M and there are 6,39,18,521 shares in public circulation.

In a different news, on Aug 31, 2016, Erin Jennifer Roth (SVP, General Counsel) sold 7,500 shares at $14.50 per share price. According to the SEC, on May 24, 2016, Brent L Yeagy (SVP, Group President, CTP) sold 22,987 shares at $13.95 per share price. On Aug 10, 2015, Richard J Giromini (President & CEO) sold 45,830 shares at $14.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Wabash National Corporation (Wabash) is engaged in designing manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment. The Company operates in three segments: Commercial Trailer Products Diversified Products and Retail. The Commercial Trailer Products segment manufactures standard and customized truck trailers. The Diversified Products segment focuses to expand its customer base diversify its product offerings end markets and revenues. The Retail segment includes its 15 Company-owned retail branch locations which are strategically located in metropolitan areas to provide additional opportunities to distribute its products. The Company’s commercial trailer product trademarks include Wabash DuraPlate DuraPlateHD DuraPlate XD-35 FreightPro ArcticLite RoadRailer Transcraft Eagle Eagle II D-Eagle and Benson. Its three trailer drag reduction systems include Ventix DRS AeroFin and AeroSkirt CX.

Wabash National Corporation

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