FY2017 EPS Estimates for Werner Enterprises Inc. (WERN) Decreased by Analyst
Werner Enterprises Inc. (NASDAQ:WERN) – KeyCorp dropped their FY2017 earnings estimates for shares of Werner Enterprises in a report released on Thursday. KeyCorp analyst T. Fowler now expects that the firm will post earnings of $1.15 per share for the year, down from their previous estimate of $1.25.
WERN has been the topic of several other reports. Susquehanna reissued a “neutral” rating on shares of Werner Enterprises in a research note on Wednesday, June 22nd. TheStreet downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Zacks Investment Research cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Royal Bank Of Canada lowered their price target on shares of Werner Enterprises from $32.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, June 21st. Finally, Cowen and Company boosted their price target on shares of Werner Enterprises from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Werner Enterprises has an average rating of “Hold” and a consensus target price of $27.06.
Shares of Werner Enterprises (NASDAQ:WERN) traded down 0.58% during mid-day trading on Monday, hitting $23.94. The stock had a trading volume of 85,265 shares. The company has a market cap of $1.73 billion, a PE ratio of 16.16 and a beta of 0.81. The firm’s 50 day moving average price is $23.45 and its 200-day moving average price is $24.40. Werner Enterprises has a one year low of $20.91 and a one year high of $28.80.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, July 21st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. The business had revenue of $498.68 million for the quarter, compared to analyst estimates of $499.50 million. During the same period in the previous year, the company earned $0.44 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in shares of Werner Enterprises by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,962 shares of the company’s stock worth $137,000 after buying an additional 380 shares in the last quarter. Paradigm Asset Management Co. LLC raised its position in Werner Enterprises by 10.2% in the second quarter. Paradigm Asset Management Co. LLC now owns 6,500 shares of the company’s stock valued at $149,000 after buying an additional 600 shares during the period. Teacher Retirement System of Texas raised its position in Werner Enterprises by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the company’s stock valued at $150,000 after buying an additional 790 shares during the period. Advisors Asset Management Inc. raised its position in Werner Enterprises by 46.4% in the second quarter. Advisors Asset Management Inc. now owns 7,300 shares of the company’s stock valued at $168,000 after buying an additional 2,315 shares during the period. Finally, M&T Bank Corp acquired a new position in Werner Enterprises during the first quarter valued at about $200,000. 64.80% of the stock is owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, September 29th. Werner Enterprises’s dividend payout ratio is currently 16.22%.
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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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