Wall Street analysts predict that Werner Enterprises, Inc. (NASDAQ:WERN) will post sales of $532.96 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Werner Enterprises’ earnings, with the lowest sales estimate coming in at $526.95 million and the highest estimate coming in at $540.00 million. Werner Enterprises posted sales of $508.68 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, October 19th.

On average, analysts expect that Werner Enterprises will report full year sales of $532.96 million for the current year, with estimates ranging from $2.09 billion to $2.12 billion. For the next year, analysts forecast that the company will report sales of $2.22 billion per share, with estimates ranging from $2.17 billion to $2.28 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Werner Enterprises.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The company had revenue of $519.50 million for the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. Werner Enterprises’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS.

A number of brokerages recently commented on WERN. Bank of America Corporation reiterated an “underperform” rating and set a $30.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Monday, July 10th. Zacks Investment Research upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Deutsche Bank AG reiterated a “hold” rating and set a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. BidaskClub downgraded Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $32.00 price objective (up previously from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Werner Enterprises has an average rating of “Hold” and an average target price of $32.85.

In related news, VP Jim S. Schelble sold 7,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $30.17, for a total value of $226,275.00. Following the sale, the vice president now owns 55,306 shares in the company, valued at approximately $1,668,582.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Derek J. Leathers sold 17,500 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total value of $617,050.00. Following the completion of the sale, the chief executive officer now owns 211,280 shares in the company, valued at approximately $7,449,732.80. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $1,593,570 in the last 90 days. Company insiders own 34.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of WERN. LS Investment Advisors LLC raised its holdings in shares of Werner Enterprises by 17.2% in the 2nd quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after buying an additional 533 shares during the period. Advantus Capital Management Inc raised its holdings in shares of Werner Enterprises by 3.2% in the 1st quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after buying an additional 178 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Werner Enterprises by 2.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after buying an additional 163 shares during the period. Royal Bank of Canada raised its holdings in shares of Werner Enterprises by 190.5% in the 2nd quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock valued at $218,000 after buying an additional 4,872 shares during the period. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Werner Enterprises by 11.5% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after buying an additional 880 shares during the period. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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Shares of Werner Enterprises (NASDAQ:WERN) traded up 0.636% during trading on Wednesday, reaching $35.625. The company’s stock had a trading volume of 217,577 shares. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $37.00. The company has a market capitalization of $2.57 billion, a PE ratio of 32.095 and a beta of 0.90. The stock has a 50 day moving average of $34.38 and a 200-day moving average of $29.69.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. Werner Enterprises’s dividend payout ratio is currently 25.45%.

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

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