KeyCorp Research Analysts Lower Earnings Estimates for Werner Enterprises Inc. (WERN)
Werner Enterprises Inc. (NASDAQ:WERN) – Equities researchers at KeyCorp cut their FY2017 EPS estimates for shares of Werner Enterprises in a report released on Thursday. KeyCorp analyst T. Fowler now forecasts that the brokerage will post earnings per share of $1.15 for the year, down from their previous estimate of $1.25.
Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, July 21st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. The firm had revenue of $498.68 million for the quarter, compared to analysts’ expectations of $499.50 million. During the same quarter in the previous year, the business posted $0.44 earnings per share.
WERN has been the subject of a number of other research reports. Barclays PLC upped their price objective on Werner Enterprises from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, September 12th. TheStreet cut Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Zacks Investment Research raised Werner Enterprises from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Susquehanna reaffirmed a “neutral” rating on shares of Werner Enterprises in a research report on Wednesday, June 22nd. Finally, Cowen and Company dropped their price target on Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating on the stock in a research report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Werner Enterprises presently has an average rating of “Hold” and a consensus target price of $27.06.
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Werner Enterprises (NASDAQ:WERN) opened at 23.85 on Monday. The company has a market cap of $1.72 billion, a PE ratio of 16.10 and a beta of 0.81. Werner Enterprises has a 52-week low of $20.91 and a 52-week high of $28.80. The firm has a 50-day moving average price of $23.44 and a 200-day moving average price of $24.46.
Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of Werner Enterprises by 1.8% in the first quarter. State Street Corp now owns 1,627,683 shares of the company’s stock valued at $44,204,000 after buying an additional 29,248 shares during the period. BlackRock Inc. raised its position in shares of Werner Enterprises by 10.4% in the first quarter. BlackRock Inc. now owns 17,520 shares of the company’s stock valued at $476,000 after buying an additional 1,652 shares during the period. M&T Bank Corp purchased a new position in shares of Werner Enterprises during the first quarter valued at approximately $200,000. AXA raised its position in shares of Werner Enterprises by 222.9% in the first quarter. AXA now owns 61,030 shares of the company’s stock valued at $1,658,000 after buying an additional 42,130 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of Werner Enterprises by 20.5% in the second quarter. Nationwide Fund Advisors now owns 523,823 shares of the company’s stock valued at $12,032,000 after buying an additional 88,981 shares during the period. Hedge funds and other institutional investors own 64.80% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.01%. Werner Enterprises’s dividend payout ratio (DPR) is presently 16.22%.
About Werner Enterprises
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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