Q3 2017 EPS Estimates for Werner Enterprises, Inc. (WERN) Increased by KeyCorp
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.
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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.
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