Brokerages expect Werner Enterprises, Inc. (NASDAQ:WERN) to post earnings of $0.68 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Werner Enterprises’ earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.72. Werner Enterprises posted earnings per share of $0.42 during the same quarter last year, which suggests a positive year-over-year growth rate of 61.9%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, February 6th.
According to Zacks, analysts expect that Werner Enterprises will report full year earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.28 to $2.37. For the next year, analysts forecast that the company will report earnings of $2.59 per share, with EPS estimates ranging from $2.45 to $2.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The company had revenue of $629.70 million for the quarter, compared to analysts’ expectations of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share.
WERN has been the topic of a number of recent analyst reports. Cowen raised shares of Werner Enterprises from an “underperform” rating to a “market perform” rating and set a $37.00 price target on the stock in a research report on Friday, October 19th. Wolfe Research cut shares of Werner Enterprises from a “market perform” rating to a “sell” rating in a research report on Friday, October 5th. BidaskClub upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Robert W. Baird dropped their price objective on shares of Werner Enterprises from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, October 19th. Finally, Stephens set a $40.00 price objective on shares of Werner Enterprises and gave the stock a “buy” rating in a report on Friday, October 19th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $41.33.
Several large investors have recently modified their holdings of the stock. Green Square Capital LLC acquired a new stake in Werner Enterprises in the 2nd quarter valued at $304,000. Schwab Charles Investment Management Inc. increased its stake in Werner Enterprises by 4.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,711 shares of the transportation company’s stock valued at $16,286,000 after buying an additional 18,098 shares during the last quarter. Intrinsic Edge Capital Management LLC increased its stake in Werner Enterprises by 165.0% in the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock valued at $17,387,000 after buying an additional 288,314 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in Werner Enterprises in the 3rd quarter valued at $23,053,000. Finally, Allianz Asset Management GmbH increased its stake in Werner Enterprises by 819.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 554,694 shares of the transportation company’s stock valued at $19,609,000 after buying an additional 494,387 shares during the last quarter. Institutional investors and hedge funds own 72.93% of the company’s stock.
Shares of NASDAQ WERN opened at $31.65 on Monday. The firm has a market cap of $2.15 billion, a PE ratio of 25.05, a PEG ratio of 0.80 and a beta of 1.12. Werner Enterprises has a twelve month low of $28.67 and a twelve month high of $43.95. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.14%. Werner Enterprises’s payout ratio is 28.35%.
Werner Enterprises Company Profile
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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