Werner Enterprises Inc. (WERN) Scheduled to Post Earnings on Thursday
Werner Enterprises Inc. (NASDAQ:WERN) will be posting its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect Werner Enterprises to post earnings of $0.27 per share and revenue of $500.46 million for the quarter.
Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company earned $498.68 million during the quarter, compared to analysts’ expectations of $499.50 million. Werner Enterprises had a return on equity of 11.42% and a net margin of 5.24%. During the same quarter last year, the company earned $0.44 EPS. On average, analysts expect Werner Enterprises to post $1.12 EPS for the current fiscal year and $1.30 EPS for the next fiscal year.
Werner Enterprises Inc. (NASDAQ:WERN) opened at 22.95 on Wednesday. Werner Enterprises Inc. has a one year low of $20.91 and a one year high of $28.80. The stock has a 50 day moving average price of $23.36 and a 200 day moving average price of $24.25. The company has a market cap of $1.65 billion, a PE ratio of 15.50 and a beta of 0.81.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Shareholders of record on Monday, October 3rd were given a dividend of $0.06 per share. The ex-dividend date was Thursday, September 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.05%. Werner Enterprises’s dividend payout ratio (DPR) is currently 16.22%.
A number of large investors have recently modified their holdings of WERN. Profund Advisors LLC increased its stake in shares of Werner Enterprises by 16.0% in the second quarter. Profund Advisors LLC now owns 9,490 shares of the company’s stock worth $218,000 after buying an additional 1,311 shares during the last quarter. Teachers Advisors Inc. increased its position in Werner Enterprises by 8.3% in the second quarter. Teachers Advisors Inc. now owns 70,825 shares of the company’s stock worth $1,627,000 after buying an additional 5,448 shares in the last quarter. Cipher Capital LP increased its position in Werner Enterprises by 15.4% in the second quarter. Cipher Capital LP now owns 120,154 shares of the company’s stock worth $2,759,000 after buying an additional 16,027 shares in the last quarter. Comerica Bank increased its position in Werner Enterprises by 36.5% in the second quarter. Comerica Bank now owns 147,810 shares of the company’s stock worth $3,527,000 after buying an additional 39,505 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Werner Enterprises by 1,883.6% in the second quarter. Alliancebernstein L.P. now owns 1,627,408 shares of the company’s stock worth $37,382,000 after buying an additional 1,545,366 shares in the last quarter. 64.78% of the stock is owned by institutional investors and hedge funds.
WERN has been the topic of a number of research analyst reports. Deutsche Bank AG set a $23.00 price target on shares of Werner Enterprises and gave the company a “hold” rating in a research report on Monday, July 25th. Zacks Investment Research raised shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Cowen and Company cut their price target on shares of Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating on the stock in a research report on Tuesday, June 21st. Citigroup Inc. cut their price target on shares of Werner Enterprises from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, July 11th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $23.00 price target (down previously from $28.00) on shares of Werner Enterprises in a research report on Tuesday, June 21st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Werner Enterprises currently has a consensus rating of “Hold” and a consensus target price of $27.06.
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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