Brokerages predict that Werner Enterprises, Inc. (NASDAQ:WERN) will post $650.18 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Werner Enterprises’ earnings. The lowest sales estimate is $643.00 million and the highest is $669.20 million. Werner Enterprises reported sales of $567.37 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The business is expected to issue its next earnings report on Monday, February 4th.
On average, analysts expect that Werner Enterprises will report full year sales of $2.46 billion for the current year, with estimates ranging from $2.46 billion to $2.48 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.64 billion, with estimates ranging from $2.59 billion to $2.74 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The firm had revenue of $629.70 million for the quarter, compared to analyst estimates of $628.71 million. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share.
Several research analysts have issued reports on WERN shares. ValuEngine lowered shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Loop Capital started coverage on shares of Werner Enterprises in a research report on Monday, October 1st. They issued a “buy” rating and a $42.00 price target on the stock. Morgan Stanley set a $48.00 price target on shares of Werner Enterprises and gave the stock a “buy” rating in a research report on Monday, October 22nd. BidaskClub upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Stifel Nicolaus set a $44.00 price target on shares of Werner Enterprises and gave the stock a “hold” rating in a research report on Friday, October 19th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.67.
Institutional investors have recently bought and sold shares of the stock. Atria Investments LLC acquired a new position in Werner Enterprises in the 3rd quarter worth approximately $224,000. Xact Kapitalforvaltning AB acquired a new position in Werner Enterprises in the 2nd quarter worth approximately $230,000. First Citizens Bank & Trust Co. acquired a new position in Werner Enterprises in the 3rd quarter worth approximately $249,000. Green Square Capital LLC acquired a new position in Werner Enterprises in the 2nd quarter worth approximately $304,000. Finally, Ramsey Quantitative Systems acquired a new position in Werner Enterprises in the 2nd quarter worth approximately $375,000. 68.76% of the stock is owned by hedge funds and other institutional investors.
Werner Enterprises stock opened at $32.19 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 0.94 and a beta of 1.01. Werner Enterprises has a 1 year low of $31.08 and a 1 year high of $43.95.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Monday, October 1st were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, September 28th. Werner Enterprises’s dividend payout ratio is 28.35%.
About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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