Werner Enterprises Inc. (WERN) Scheduled to Post Earnings on Thursday
Werner Enterprises Inc. (NASDAQ:WERN) is scheduled to be posting its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect Werner Enterprises to post earnings of $0.27 per share and revenue of $500.46 million for the quarter.
Werner Enterprises (NASDAQ:WERN) last released its earnings results on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a net margin of 5.24% and a return on equity of 11.42%. The firm earned $498.68 million during the quarter, compared to the consensus estimate of $499.50 million. During the same period in the prior year, the firm earned $0.44 EPS. On average, analysts expect Werner Enterprises to post $1.12 EPS for the current fiscal year and $1.30 EPS for the next fiscal year.
Werner Enterprises Inc. (NASDAQ:WERN) opened at 22.95 on Wednesday. Werner Enterprises Inc. has a 52-week low of $20.91 and a 52-week high of $28.80. The company has a market capitalization of $1.65 billion, a P/E ratio of 15.50 and a beta of 0.81. The stock’s 50 day moving average is $23.36 and its 200-day moving average is $24.25.
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The business also recently announced a quarterly dividend, which was paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, September 29th. Werner Enterprises’s payout ratio is 16.22%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Barclays PLC lifted their price target on shares of Werner Enterprises from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, September 12th. Morgan Stanley set a $27.00 price target on shares of Werner Enterprises and gave the company a “buy” rating in a research report on Thursday, August 18th. Deutsche Bank AG set a $23.00 price target on shares of Werner Enterprises and gave the company a “hold” rating in a research report on Monday, July 25th. Finally, Cowen and Company lifted their price target on shares of Werner Enterprises from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.06.
A number of hedge funds have recently made changes to their positions in WERN. American Century Companies Inc. acquired a new stake in shares of Werner Enterprises during the second quarter valued at about $20,376,000. BlackRock Advisors LLC raised its stake in shares of Werner Enterprises by 3.0% in the second quarter. BlackRock Advisors LLC now owns 20,484 shares of the company’s stock valued at $471,000 after buying an additional 592 shares during the period. BlackRock Investment Management LLC raised its stake in shares of Werner Enterprises by 7.7% in the second quarter. BlackRock Investment Management LLC now owns 291,051 shares of the company’s stock valued at $6,685,000 after buying an additional 20,734 shares during the period. BlackRock Inc. raised its stake in shares of Werner Enterprises by 44.9% in the second quarter. BlackRock Inc. now owns 25,385 shares of the company’s stock valued at $583,000 after buying an additional 7,865 shares during the period. Finally, BlackRock Fund Advisors raised its stake in shares of Werner Enterprises by 3.5% in the second quarter. BlackRock Fund Advisors now owns 2,205,821 shares of the company’s stock valued at $50,668,000 after buying an additional 75,173 shares during the period. Institutional investors own 64.78% of the company’s stock.
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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