Analysts Expect Werner Enterprises, Inc. (WERN) Will Announce Quarterly Sales of $532.19 Million
Analysts predict that Werner Enterprises, Inc. (NASDAQ:WERN) will announce $532.19 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Werner Enterprises’ earnings, with the lowest sales estimate coming in at $525.80 million and the highest estimate coming in at $540.00 million. Werner Enterprises reported sales of $508.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.6%. The business is scheduled to report its next quarterly earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Werner Enterprises will report full year sales of $532.19 million for the current financial year, with estimates ranging from $2.08 billion to $2.12 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.20 billion per share, with estimates ranging from $2.15 billion to $2.28 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The business had revenue of $519.50 million during the quarter, compared to the consensus estimate of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. Werner Enterprises’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS.
WERN has been the subject of several recent research reports. Deutsche Bank AG reiterated a “hold” rating and issued a $25.00 target price (down previously from $31.00) on shares of Werner Enterprises in a research note on Sunday, April 23rd. Cowen and Company raised their price objective on shares of Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Tuesday, July 25th. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Morgan Stanley restated an “overweight” rating and issued a $32.00 price objective (up from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $29.00 price objective (up from $26.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.36.
Shares of Werner Enterprises (WERN) traded up 0.33% during mid-day trading on Wednesday, hitting $30.80. 540,344 shares of the company traded hands. Werner Enterprises has a one year low of $21.45 and a one year high of $32.45. The firm has a 50-day moving average of $29.88 and a 200-day moving average of $27.91. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 28.00 and a beta of 0.88.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 29th. This represents a $0.28 annualized dividend and a yield of 0.91%. Werner Enterprises’s payout ratio is presently 25.45%.
In other Werner Enterprises news, VP Jim S. Schelble sold 7,494 shares of Werner Enterprises stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the completion of the sale, the vice president now directly owns 55,300 shares in the company, valued at $1,631,350. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Derek J. Leathers sold 12,244 shares of Werner Enterprises stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the sale, the chief executive officer now owns 228,780 shares of the company’s stock, valued at $6,867,975.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,994 shares of company stock valued at $1,197,593. 34.80% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Werner Enterprises during the fourth quarter valued at about $6,683,000. Teachers Advisors LLC raised its stake in shares of Werner Enterprises by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 72,433 shares of the transportation company’s stock valued at $1,952,000 after buying an additional 2,000 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Werner Enterprises by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the transportation company’s stock valued at $296,000 after buying an additional 300 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Werner Enterprises by 116.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 21,161 shares of the transportation company’s stock valued at $554,000 after buying an additional 11,400 shares during the last quarter. Finally, Speece Thorson Capital Group Inc. raised its stake in shares of Werner Enterprises by 2.9% in the first quarter. Speece Thorson Capital Group Inc. now owns 579,956 shares of the transportation company’s stock valued at $15,195,000 after buying an additional 16,549 shares during the last quarter. Institutional investors and hedge funds own 64.34% of the company’s stock.
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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