Analysts Expect Werner Enterprises, Inc. (WERN) Will Post Quarterly Sales of $551.75 Million
Wall Street brokerages expect Werner Enterprises, Inc. (NASDAQ:WERN) to report sales of $551.75 million for the current quarter, Zacks reports. Seven analysts have provided estimates for Werner Enterprises’ earnings, with estimates ranging from $541.10 million to $559.50 million. Werner Enterprises posted sales of $518.83 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 29th.
On average, analysts expect that Werner Enterprises will report full-year sales of $551.75 million for the current year, with estimates ranging from $2.09 billion to $2.12 billion. For the next financial year, analysts expect that the company will post sales of $2.25 billion per share, with estimates ranging from $2.20 billion to $2.30 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The business had revenue of $528.64 million during the quarter, compared to analysts’ expectations of $532.48 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Barclays PLC lifted their price objective on shares of Werner Enterprises from $25.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Wells Fargo & Company lifted their price objective on shares of Werner Enterprises from $29.00 to $35.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. BidaskClub raised shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, Buckingham Research assumed coverage on shares of Werner Enterprises in a report on Monday, August 21st. They issued a “buy” rating and a $36.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.73.
Shares of Werner Enterprises (NASDAQ WERN) opened at 36.75 on Monday. The company has a 50-day moving average of $35.34 and a 200 day moving average of $30.52. The stock has a market cap of $2.66 billion, a P/E ratio of 33.41 and a beta of 0.90. Werner Enterprises has a 52-week low of $23.70 and a 52-week high of $37.20.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Monday, October 2nd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, September 29th. Werner Enterprises’s dividend payout ratio is currently 24.35%.
In related news, CEO Derek J. Leathers sold 17,500 shares of Werner Enterprises stock in a transaction dated 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 directly owns 211,280 shares in the company, valued at $7,449,732.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jim S. Schelble sold 7,500 shares of Werner Enterprises stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following 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 have sold 37,756 shares of company stock worth $1,226,005. Company insiders own 34.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. bought a new stake in shares of Werner Enterprises during the third quarter valued at about $203,000. Rehmann Capital Advisory Group bought a new stake in shares of Werner Enterprises during the third quarter valued at about $233,000. Aperio Group LLC raised its stake in shares of Werner Enterprises by 22.4% during the third quarter. Aperio Group LLC now owns 257,838 shares of the transportation company’s stock valued at $9,424,000 after purchasing an additional 47,163 shares in the last quarter. Personal Capital Advisors Corp raised its stake in shares of Werner Enterprises by 60.7% during the third quarter. Personal Capital Advisors Corp now owns 32,671 shares of the transportation company’s stock valued at $1,194,000 after purchasing an additional 12,343 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Werner Enterprises by 7.2% during the second quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock valued at $197,000 after purchasing an additional 451 shares in the last quarter. Institutional investors and hedge funds own 64.64% of the company’s stock.
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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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