Wall Street brokerages expect that Werner Enterprises (NASDAQ:WERN) will post $0.49 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Werner Enterprises’ earnings. The highest EPS estimate is $0.53 and the lowest is $0.44. Werner Enterprises posted earnings of $0.32 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 53.1%. The firm is expected to issue its next earnings results on Monday, July 23rd.
On average, analysts expect that Werner Enterprises will report full year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.80 to $2.13. For the next financial year, analysts expect that the business will report earnings of $2.32 per share, with EPS estimates ranging from $2.10 to $2.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, April 19th. The transportation company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Werner Enterprises had a return on equity of 9.57% and a net margin of 9.86%. The company had revenue of $562.68 million during the quarter, compared to analysts’ expectations of $553.72 million. During the same period last year, the business posted $0.22 EPS. Werner Enterprises’s revenue for the quarter was up 12.3% on a year-over-year basis.
A number of equities analysts recently commented on WERN shares. Zacks Investment Research restated a “hold” rating and set a $44.00 target price on shares of Werner Enterprises in a report on Saturday, January 13th. Deutsche Bank raised their target price on Werner Enterprises from $42.00 to $43.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Cowen restated an “underperform” rating and set a $36.00 target price (up from $30.00) on shares of Werner Enterprises in a report on Tuesday, January 30th. UBS upgraded Werner Enterprises from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $47.00 in a report on Friday, January 5th. Finally, Robert W. Baird raised their target price on Werner Enterprises from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.43.
Werner Enterprises stock traded down $1.55 during midday trading on Tuesday, reaching $36.00. 2,865,213 shares of the stock traded hands, compared to its average volume of 1,017,334. Werner Enterprises has a 12-month low of $25.15 and a 12-month high of $43.95. The stock has a market capitalization of $2,608.34, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.72 and a quick ratio of 1.67.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 16th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, April 13th. Werner Enterprises’s dividend payout ratio (DPR) is presently 22.05%.
Hedge funds and other institutional investors have recently modified their holdings of the company. J. Goldman & Co LP increased its position in Werner Enterprises by 69.5% during the fourth quarter. J. Goldman & Co LP now owns 367,364 shares of the transportation company’s stock worth $14,199,000 after buying an additional 150,650 shares during the period. MetLife Investment Advisors LLC acquired a new position in Werner Enterprises during the fourth quarter worth approximately $1,949,000. Vident Investment Advisory LLC increased its position in Werner Enterprises by 6.5% during the fourth quarter. Vident Investment Advisory LLC now owns 86,799 shares of the transportation company’s stock worth $3,355,000 after buying an additional 5,302 shares during the period. Millennium Management LLC increased its position in Werner Enterprises by 23.2% during the fourth quarter. Millennium Management LLC now owns 1,056,019 shares of the transportation company’s stock worth $40,815,000 after buying an additional 198,614 shares during the period. Finally, Teachers Advisors LLC increased its position in Werner Enterprises by 4.0% during the fourth quarter. Teachers Advisors LLC now owns 87,480 shares of the transportation company’s stock worth $3,381,000 after buying an additional 3,370 shares during the period. 65.69% of the stock is currently owned by institutional investors and hedge funds.
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About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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