Werner Enterprises, Inc. (WERN) Forecasted to Post Q4 2018 Earnings of $0.43 Per Share
Werner Enterprises, Inc. (NASDAQ:WERN) – Investment analysts at Seaport Global Securities upped their Q4 2018 earnings per share estimates for shares of Werner Enterprises in a research note issued to investors on Tuesday. Seaport Global Securities analyst R. Wood now anticipates that the transportation company will earn $0.43 per share for the quarter, up from their previous estimate of $0.40.
WERN has been the subject of a number of other research reports. Bank of America Corporation restated an “underperform” rating and set a $30.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a report on Monday, July 10th. Zacks Investment Research upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. BidaskClub cut Werner Enterprises from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Deutsche Bank AG restated a “hold” rating and set a $25.00 price objective (down previously from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. Finally, Morgan Stanley restated an “overweight” rating and set a $32.00 price objective (up previously from $30.00) on shares of Werner Enterprises in a report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $28.44.
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Shares of Werner Enterprises (NASDAQ WERN) traded up 0.96% during mid-day trading on Wednesday, reaching $31.45. The company had a trading volume of 1,181,268 shares. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 30.53 and a beta of 0.88. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $31.67. The firm has a 50-day moving average price of $29.18 and a 200-day moving average price of $27.48.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Werner Enterprises had a return on equity of 8.04% and a net margin of 3.90%. The company had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th were paid a dividend of $0.07 per share. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, June 30th. Werner Enterprises’s dividend payout ratio is 25.45%.
In related news, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $29.50, for a total transaction of $221,073.00. Following the completion of the sale, the vice president now directly owns 55,300 shares in the company, valued at approximately $1,631,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 34.80% of the company’s stock.
Large investors have recently modified their holdings of the company. Personal Capital Advisors Corp bought a new stake in shares of Werner Enterprises during the second quarter worth $597,000. US Bancorp DE boosted its stake in shares of Werner Enterprises by 4.9% in the second quarter. US Bancorp DE now owns 14,262 shares of the transportation company’s stock worth $418,000 after buying an additional 663 shares during the period. State Treasurer State of Michigan boosted its stake in shares of Werner Enterprises by 1.7% in the second quarter. State Treasurer State of Michigan now owns 18,475 shares of the transportation company’s stock worth $542,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Werner Enterprises by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the transportation company’s stock worth $343,000 after buying an additional 400 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock worth $107,000 after buying an additional 533 shares during the period. Hedge funds and other institutional investors own 66.38% of the company’s stock.
Werner Enterprises Company Profile
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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