Q1 2018 Earnings Forecast for Werner Enterprises, Inc. Issued By Seaport Global Securities (WERN)
Werner Enterprises, Inc. (NASDAQ:WERN) – Seaport Global Securities boosted their Q1 2018 EPS estimates for shares of Werner Enterprises in a report released on Friday. Seaport Global Securities analyst R. Wood now expects that the transportation company will post earnings of $0.29 per share for the quarter, up from their prior forecast of $0.28. Seaport Global Securities also issued estimates for Werner Enterprises’ Q2 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.45 EPS, FY2018 earnings at $1.54 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.48 EPS and FY2019 earnings at $1.80 EPS.
Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The company had revenue of $528.64 million for the quarter, compared to analyst estimates of $532.48 million. Werner Enterprises had a return on equity of 8.26% and a net margin of 4.04%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. ILLEGAL ACTIVITY WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/23/q1-2018-earnings-forecast-for-werner-enterprises-inc-issued-by-seaport-global-securities-wern.html.
A number of other research analysts have also recently weighed in on WERN. Cowen and Company cut shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a research note on Monday, October 16th. Wells Fargo & Company raised their price objective on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a research note on Friday. Barclays PLC raised their price objective on shares of Werner Enterprises from $25.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 2nd. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Finally, Buckingham Research assumed coverage on shares of Werner Enterprises in a research note on Monday, August 21st. They set a “buy” rating and a $36.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $33.73.
Werner Enterprises (NASDAQ WERN) opened at 35.65 on Monday. The stock’s 50 day moving average price is $35.06 and its 200 day moving average price is $30.16. The firm has a market capitalization of $2.58 billion, a PE ratio of 32.41 and a beta of 0.90. Werner Enterprises has a one year low of $21.45 and a one year high of $37.20.
Several large investors have recently bought and sold shares of WERN. BlackRock Inc. lifted its holdings in shares of Werner Enterprises by 17,543.9% during the 1st quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock valued at $120,967,000 after acquiring an additional 4,590,896 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Werner Enterprises by 13.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock valued at $106,910,000 after acquiring an additional 426,376 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Werner Enterprises by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 3,644,333 shares of the transportation company’s stock valued at $95,481,000 after acquiring an additional 242,284 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Werner Enterprises by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,451,128 shares of the transportation company’s stock valued at $159,992,000 after acquiring an additional 194,294 shares in the last quarter. Finally, UBS Oconnor LLC lifted its holdings in shares of Werner Enterprises by 85.7% during the 1st quarter. UBS Oconnor LLC now owns 420,000 shares of the transportation company’s stock valued at $11,004,000 after acquiring an additional 193,877 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.
In other Werner Enterprises news, CEO Derek J. Leathers sold 12,244 shares of Werner Enterprises stock in a transaction on Monday, July 31st. The shares were sold at an average price of $30.02, for a total value of $367,564.88. Following the transaction, the chief executive officer now owns 228,780 shares in the company, valued at approximately $6,867,975.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Derek J. Leathers sold 17,500 shares of Werner Enterprises stock in a transaction 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 transaction, 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. In the last quarter, insiders sold 50,000 shares of company stock worth $1,593,570. 34.70% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were issued a $0.07 dividend. The ex-dividend date was Friday, September 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. Werner Enterprises’s dividend payout ratio (DPR) is presently 24.35%.
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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