Werner Enterprises, Inc. (NASDAQ:WERN) – KeyCorp boosted their FY2018 earnings per share estimates for Werner Enterprises in a research note issued on Wednesday. KeyCorp analyst T. Fowler now expects that the transportation company will earn $1.50 per share for the year, up from their previous estimate of $1.45.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05. The firm had revenue of $519.50 million during 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 period last year, the company earned $0.25 EPS.

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WERN has been the subject of several other reports. Bank of America Corporation restated an “underperform” rating and set a $30.00 price target (up 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 restated a “hold” rating and set a $32.00 price target (up from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. BidaskClub lowered Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Morgan Stanley restated an “overweight” rating and set a $32.00 price target (up from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.00.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, September 29th. Werner Enterprises’s dividend payout ratio is presently 25.45%.

In other Werner Enterprises news, CEO Derek J. Leathers sold 12,756 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $30.00, for a total value of $382,680.00. Following the sale, the chief executive officer now directly owns 241,536 shares in the company, valued at $7,246,080. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jim S. Schelble sold 7,500 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $30.17, for a total value of $226,275.00. Following the completion of the sale, the vice president now owns 55,306 shares in the company, valued at $1,668,582.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,000 shares of company stock worth $1,593,570. 34.70% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of WERN. LS Investment Advisors LLC raised its stake in Werner Enterprises by 17.2% in the second 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 in the last quarter. Advantus Capital Management Inc raised its stake in Werner Enterprises by 3.2% in the first 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 in the last quarter. Public Employees Retirement System of Ohio raised its stake in Werner Enterprises by 2.7% in the first 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 in the last quarter. Royal Bank of Canada raised its stake in Werner Enterprises by 190.5% in the second 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 in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in Werner Enterprises by 11.5% in the first 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 in the last quarter. Institutional investors own 64.10% 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.

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

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