Werner Enterprises, Inc. (WERN) Receives Consensus Rating of “Hold” from Brokerages
Shares of Werner Enterprises, Inc. (NASDAQ:WERN) have earned an average rating of “Hold” from the eighteen analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $42.93.
WERN has been the subject of a number of recent research reports. Credit Suisse Group boosted their price objective on shares of Werner Enterprises from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. BidaskClub raised shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday, May 30th. ValuEngine raised shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, May 26th. Morgan Stanley boosted their price objective on shares of Werner Enterprises from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research reissued a “buy” rating and set a $45.00 price objective on shares of Werner Enterprises in a research report on Saturday, June 30th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Xact Kapitalforvaltning AB purchased a new position in shares of Werner Enterprises during the 2nd quarter valued at $230,000. Levin Capital Strategies L.P. purchased a new position in shares of Werner Enterprises during the 1st quarter valued at $292,000. Cambria Investment Management L.P. purchased a new position in shares of Werner Enterprises during the 1st quarter valued at $299,000. Green Square Capital LLC purchased a new position in shares of Werner Enterprises during the 2nd quarter valued at $304,000. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Werner Enterprises by 56.5% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 9,192 shares of the transportation company’s stock valued at $336,000 after buying an additional 3,318 shares in the last quarter. Institutional investors own 68.43% of the company’s stock.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, July 23rd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. Werner Enterprises had a net margin of 10.09% and a return on equity of 10.71%. The firm had revenue of $619.13 million during the quarter, compared to the consensus estimate of $599.20 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. sell-side analysts forecast that Werner Enterprises will post 2.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 16th. Investors of record on Monday, October 1st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, September 28th. Werner Enterprises’s dividend payout ratio (DPR) 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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