Equities research analysts expect that Werner Enterprises, Inc. (NASDAQ:WERN) will report sales of $553.43 million for the current quarter, Zacks reports. Seven analysts have made estimates for Werner Enterprises’ earnings. The highest sales estimate is $569.90 million and the lowest is $541.10 million. Werner Enterprises posted sales of $518.83 million in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The firm is expected to report its next earnings report on Monday, January 29th.
According to Zacks, analysts expect that Werner Enterprises will report full year sales of $553.43 million for the current fiscal year, with estimates ranging from $2.09 billion to $2.12 billion. For the next fiscal year, analysts forecast that the business 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 sell-side research firms that follow Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The company had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a return on equity of 8.18% and a net margin of 4.04%. Werner Enterprises’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS.
Werner Enterprises (NASDAQ:WERN) traded down $0.20 during mid-day trading on Monday, hitting $38.00. 979,400 shares of the stock were exchanged, compared to its average volume of 812,900. The company has a market cap of $2,748.80, a PE ratio of 33.04, a PEG ratio of 2.13 and a beta of 0.97. The company has a quick ratio of 1.73, a current ratio of 1.78 and a debt-to-equity ratio of 0.07. Werner Enterprises has a one year low of $24.20 and a one year high of $38.45.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.07 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.28 annualized dividend and a yield of 0.74%. Werner Enterprises’s payout ratio is 24.35%.
In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 34.70% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Optimum Investment Advisors purchased a new stake in Werner Enterprises in the 3rd quarter valued at about $428,000. GSA Capital Partners LLP purchased a new stake in Werner Enterprises in the 3rd quarter valued at about $2,932,000. Neuberger Berman Group LLC purchased a new stake in Werner Enterprises in the 3rd quarter valued at about $236,000. California Public Employees Retirement System increased its stake in Werner Enterprises by 4.6% in the 3rd quarter. California Public Employees Retirement System now owns 166,046 shares of the transportation company’s stock valued at $6,069,000 after buying an additional 7,346 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Werner Enterprises in the 3rd quarter valued at about $494,000. Hedge funds and other institutional investors own 64.78% of the company’s stock.
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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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