Revenue Update on Wabash National Corporation(NYSE:WNC)

Wabash National Corporation(NYSE:WNC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $471.44M. Analysts estimated a revenue of $490.19M. Earnings per share were $0.55. Analysts had estimated an EPS of $0.45.

In a different note, On Jun 14, 2016, Stifel Nicolaus said it Downgrades its rating on Wabash National Corporation. The shares have been rated ‘Sell’ by the firm.

Wabash National Corporation (WNC) made into the market gainers list on Fridays trading session with the shares advancing 0.07% or 0.01 points. Due to strong positive momentum, the stock ended at $14.48, which is also near the day’s high of $14.66. The stock began the session at $14.43 and the volume stood at 10,19,831 shares. The 52-week high of the shares is $14.97 and the 52 week low is $9.68. The company has a current market capitalization of $926 M and it has 6,39,18,521 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, Brent L Yeagy (SVP, Group President, CTP) sold 22,987 shares at $13.95 per share price.Also, On Aug 10, 2015, Richard J Giromini (President & CEO) sold 45,830 shares at $14.01 per share price.On May 11, 2015, Bruce N Ewald (SVP, Sales) sold 27,000 shares at $14.70 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.

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