Several other equities research analysts have also recently commented on WERN. Stephens started coverage on Werner Enterprises in a research note on Monday, July 1st. They set a buy rating for the company. ValuEngine upgraded Werner Enterprises from a sell rating to a hold rating in a research note on Wednesday, July 24th. Morgan Stanley cut their price target on Werner Enterprises from $42.00 to $41.00 and set an overweight rating for the company in a research note on Friday, July 26th. Citigroup upgraded Werner Enterprises from a neutral rating to a buy rating and upped their price target for the stock from $32.00 to $40.00 in a research note on Tuesday, September 3rd. Finally, Credit Suisse Group cut their price target on Werner Enterprises from $29.00 to $28.00 and set an underperform rating for the company in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $38.67.
Werner Enterprises stock opened at $35.29 on Thursday. Werner Enterprises has a 12 month low of $27.27 and a 12 month high of $40.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.98 and a quick ratio of 1.94. The business has a 50 day simple moving average of $32.28 and a 200-day simple moving average of $32.48. The stock has a market capitalization of $2.42 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, July 25th. The transportation company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). Werner Enterprises had a return on equity of 15.11% and a net margin of 7.26%. The company had revenue of $627.53 million for the quarter, compared to analysts’ expectations of $634.67 million. During the same quarter last year, the company earned $0.61 EPS. Werner Enterprises’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Werner Enterprises will post 2.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Monday, October 7th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, October 4th. Werner Enterprises’s payout ratio is 15.13%.
Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its position in Werner Enterprises by 32.8% in the second quarter. BNP Paribas Arbitrage SA now owns 12,993 shares of the transportation company’s stock worth $404,000 after acquiring an additional 3,208 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Werner Enterprises by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 62,976 shares of the transportation company’s stock valued at $1,957,000 after buying an additional 2,063 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new position in shares of Werner Enterprises in the second quarter valued at $5,957,000. Group One Trading L.P. purchased a new position in shares of Werner Enterprises in the first quarter valued at $190,000. Finally, Fiduciary Trust Co. purchased a new position in shares of Werner Enterprises in the first quarter valued at $1,392,000. Hedge funds and other institutional investors own 68.29% of the company’s stock.
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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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