Werner Enterprises, Inc. (NASDAQ:WERN) – Equities research analysts at KeyCorp upped their Q3 2017 earnings per share (EPS) estimates for Werner Enterprises in a research note issued on Tuesday. KeyCorp analyst T. Fowler now expects that the transportation company will earn $0.33 per share for the quarter, up from their previous estimate of $0.31. KeyCorp also issued estimates for Werner Enterprises’ FY2017 earnings at $1.25 EPS and FY2018 earnings at $1.45 EPS.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $29.00 target price (up previously from $26.00) on shares of Werner Enterprises in a research note on Tuesday. Zacks Investment Research downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Vertical Research initiated coverage on shares of Werner Enterprises in a research report on Thursday, April 13th. They issued a “sell” rating and a $24.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Werner Enterprises in a research report on Tuesday. Finally, Cowen and Company raised their price objective on shares of Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.44.

ILLEGAL ACTIVITY WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/07/26/q3-2017-eps-estimates-for-werner-enterprises-inc-wern-increased-by-keycorp.html.

Shares of Werner Enterprises (NASDAQ:WERN) opened at 31.15 on Wednesday. The firm’s 50-day moving average price is $29.18 and its 200-day moving average price is $27.48. The firm has a market cap of $2.25 billion, a PE ratio of 30.24 and a beta of 0.88. Werner Enterprises has a 12 month low of $21.45 and a 12 month high of $32.45.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a return on equity of 8.04% and a net margin of 3.90%. The business had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. During the same period last year, the business posted $0.25 EPS. The business’s revenue was up 4.2% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Wednesday, July 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.90%. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.06. Werner Enterprises’s payout ratio is presently 25.45%.

In other news, VP Jim S. Schelble sold 7,494 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $29.50, for a total value of $221,073.00. Following the completion of the sale, the vice president now owns 55,300 shares of the company’s stock, valued at approximately $1,631,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 34.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its stake in Werner Enterprises by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,243 shares of the transportation company’s stock valued at $399,000 after buying an additional 200 shares in the last quarter. Alliancebernstein L.P. raised its stake in Werner Enterprises by 3.1% in the first quarter. Alliancebernstein L.P. now owns 2,180,691 shares of the transportation company’s stock valued at $57,134,000 after buying an additional 66,406 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Werner Enterprises by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the transportation company’s stock valued at $296,000 after buying an additional 300 shares in the last quarter. US Bancorp DE raised its stake in Werner Enterprises by 15.9% in the first quarter. US Bancorp DE now owns 13,599 shares of the transportation company’s stock valued at $356,000 after buying an additional 1,867 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in Werner Enterprises by 3.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 194,064 shares of the transportation company’s stock valued at $5,084,000 after buying an additional 6,493 shares in the last quarter. 66.38% of the stock is owned by hedge funds and other institutional investors.

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. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.

Earnings History and Estimates for Werner Enterprises (NASDAQ:WERN)

Receive News & Ratings for Werner Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.