CLSA Initiates Coverage on Wabash National Corporation(NYSE:WNC). The shares have been rated Underperform. The rating by CLSA was issued on Sep 30, 2016.
Wabash National Corporation (WNC) shares turned negative on Tuesdays trading session with the shares closing down -0.24 points or -1.67% at a volume of 8,05,200. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.48. The peak price level was also seen at $14.48 while the days lowest was $14.05. Finally the shares closed at $14.12. The 52-week high of the shares is $14.97 while the 52-week low is $9.68. According to the latest information available, the market cap of the company is $903 M.
Wabash National Corporation(WNC) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $471.44M. Analysts had an estimated revenue of $490.19M. Earnings per share were $0.55. Analysts had estimated an EPS of $0.45.
Several Insider Transactions has been reported to the SEC. On Aug 31, 2016, Erin Jennifer Roth (SVP, General Counsel) sold 7,500 shares at $14.50 per share price.Also, 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 Companys 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.