Werner Enterprises (WERN) Announces Quarterly Earnings, Beats Estimates By $0.01 EPS
Werner Enterprises (NASDAQ:WERN) released its earnings data on Tuesday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01, American Banking & Market News reports. The company had revenue of $517.90 million for the quarter, compared to the consensus estimate of $512.92 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis.
A number of analysts have recently weighed in on WERN shares. Analysts at Avondale Partners upgraded shares of Werner Enterprises from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 21st. They now have a $30.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. On the ratings front, analysts at Barclays downgraded shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 21st. They now have a $26.00 price target on the stock, down previously from $27.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Werner Enterprises in a research note to investors on Monday, December 16th. They now have a $23.00 price target on the stock, up previously from $22.00. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.15.
Shares of Werner Enterprises (NASDAQ:WERN) traded up 0.27% on Tuesday, hitting $25.86. The stock had a trading volume of 593,515 shares. Werner Enterprises has a one year low of $21.80 and a one year high of $26.87. The stock has a 50-day moving average of $24.94 and a 200-day moving average of $23.98. The company has a market cap of $1.875 billion and a price-to-earnings ratio of 20.97.
Werner Enterprises, Inc is a transportation and logistics company engaged primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce.
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