Werner Enterprises, Inc. (WERN) to Release Quarterly Earnings on Wednesday
Werner Enterprises, Inc. (NASDAQ:WERN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05. The business had revenue of $519.50 million for the quarter, compared to analysts’ expectations of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. On average, analysts expect Werner Enterprises to post $1.24 EPS for the current fiscal year and $1.51 EPS for the next fiscal year.
Shares of Werner Enterprises, Inc. (WERN) opened at 35.40 on Wednesday. The firm has a 50-day moving average of $34.38 and a 200-day moving average of $29.69. Werner Enterprises, Inc. has a one year low of $21.45 and a one year high of $37.00. The stock has a market cap of $2.56 billion, a PE ratio of 32.18 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be issued a $0.07 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. Werner Enterprises’s dividend payout ratio is currently 25.45%.
A number of research analysts have recently issued reports on WERN shares. Buckingham Research started coverage on shares of Werner Enterprises in a research report on Monday, August 21st. They issued a “buy” rating and a $36.00 price objective on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. Cowen and Company lifted their price objective on shares of Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, Morgan Stanley reaffirmed 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, July 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.85.
In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total transaction of $617,050.00. Following the sale, the chief executive officer now owns 211,280 shares of the company’s stock, valued at approximately $7,449,732.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $30.02, for a total transaction of $367,564.88. Following the sale, the chief executive officer now directly owns 228,780 shares in the company, valued at approximately $6,867,975.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,000 shares of company stock worth $1,593,570. 34.70% of the stock is owned by insiders.
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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