Zacks: Analysts Expect Werner Enterprises, Inc. (WERN) Will Announce Quarterly Sales of $532.19 Million
Equities research analysts expect Werner Enterprises, Inc. (NASDAQ:WERN) to report sales of $532.19 million for the current quarter, Zacks reports. Seven analysts have issued estimates for Werner Enterprises’ earnings, with estimates ranging from $525.80 million to $540.00 million. Werner Enterprises posted sales of $508.68 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The company is scheduled to issue its next earnings report on Thursday, October 19th.
On average, analysts expect that Werner Enterprises will report full year sales of $532.19 million for the current fiscal year, with estimates ranging from $2.08 billion to $2.12 billion. For the next year, analysts forecast that the company will post sales of $2.20 billion per share, with estimates ranging from $2.15 billion to $2.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The firm had revenue of $519.50 million during the quarter, compared to the consensus estimate of $521.63 million. During the same period last year, the business posted $0.25 EPS. Werner Enterprises’s quarterly revenue was up 4.2% on a year-over-year basis.
Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Buckingham Research assumed coverage on shares of Werner Enterprises in a research report on Monday, August 21st. They set a “buy” rating and a $36.00 price objective on the stock. Stephens upgraded shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $30.00 to $36.00 in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, August 23rd. Finally, TheStreet upgraded shares of Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Werner Enterprises has a consensus rating of “Hold” and an average target price of $30.83.
Shares of Werner Enterprises (NASDAQ:WERN) traded up 0.45% during midday trading on Friday, reaching $33.30. The company’s stock had a trading volume of 775,323 shares. The stock’s 50 day moving average is $30.79 and its 200 day moving average is $28.27. The stock has a market capitalization of $2.41 billion, a PE ratio of 30.27 and a beta of 0.87. Werner Enterprises has a 12 month low of $21.45 and a 12 month high of $33.85.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, September 29th. Werner Enterprises’s dividend payout ratio is currently 25.45%.
In other news, CEO Derek J. Leathers sold 12,244 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the completion of the transaction, the chief executive officer now owns 228,780 shares of the company’s stock, valued at $6,867,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $30.00, for a total transaction of $382,680.00. Following the transaction, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at approximately $7,246,080. The disclosure for this sale can be found here. Insiders have sold 39,994 shares of company stock valued at $1,197,593 in the last ninety days. 34.70% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of WERN. BlackRock Inc. raised its position in Werner Enterprises by 17,543.9% in the first quarter. BlackRock Inc. now owns 4,617,064 shares of the transportation company’s stock worth $120,967,000 after purchasing an additional 4,590,896 shares in the last quarter. Bank of New York Mellon Corp raised its position in Werner Enterprises by 13.3% in the second quarter. Bank of New York Mellon Corp now owns 3,642,586 shares of the transportation company’s stock worth $106,910,000 after purchasing an additional 426,376 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Werner Enterprises by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,256,834 shares of the transportation company’s stock worth $137,729,000 after purchasing an additional 342,947 shares in the last quarter. Karp Capital Management Corp acquired a new position in Werner Enterprises in the first quarter worth about $7,715,000. Finally, Vanguard Group Inc. raised its position in Werner Enterprises by 7.1% in the first quarter. Vanguard Group Inc. now owns 3,644,333 shares of the transportation company’s stock worth $95,481,000 after purchasing an additional 242,284 shares in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.
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. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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