Equities research analysts expect that Werner Enterprises, Inc. (NASDAQ:WERN) will post $556.14 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Werner Enterprises’ earnings, with the highest sales estimate coming in at $566.63 million and the lowest estimate coming in at $544.40 million. Werner Enterprises posted sales of $501.22 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The company is expected to announce its next earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Werner Enterprises will report full year sales of $556.14 million for the current financial year, with estimates ranging from $2.30 billion to $2.37 billion. For the next year, analysts expect that the business will report sales of $2.49 billion per share, with estimates ranging from $2.38 billion to $2.55 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Monday, January 29th. The transportation company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. The business had revenue of $567.37 million during the quarter, compared to the consensus estimate of $554.58 million. Werner Enterprises had a return on equity of 8.64% and a net margin of 9.59%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share.
Shares of Werner Enterprises (NASDAQ WERN) opened at $36.35 on Friday. The company has a market capitalization of $2,590.00, a P/E ratio of 13.03, a PEG ratio of 1.36 and a beta of 0.93. Werner Enterprises has a 1-year low of $24.20 and a 1-year high of $43.95. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. Werner Enterprises’s dividend payout ratio is presently 10.04%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. lifted its holdings in Werner Enterprises by 29.4% during the 3rd quarter. Prudential Financial Inc. now owns 39,595 shares of the transportation company’s stock worth $1,447,000 after purchasing an additional 9,000 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Werner Enterprises during the 3rd quarter worth about $657,000. 361 Capital LLC purchased a new stake in Werner Enterprises during the 3rd quarter worth about $1,132,000. Personal Capital Advisors Corp lifted its holdings in Werner Enterprises by 60.7% during the 3rd quarter. Personal Capital Advisors Corp now owns 32,671 shares of the transportation company’s stock worth $1,194,000 after purchasing an additional 12,343 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Werner Enterprises by 16.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 435,414 shares of the transportation company’s stock worth $15,917,000 after purchasing an additional 59,900 shares in the last quarter. 64.84% of the stock is currently owned by hedge funds and other institutional investors.
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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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