Werner Enterprises Inc. (NASDAQ:WERN) is set to announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $500.46 million for the quarter.
Werner Enterprises (NASDAQ:WERN) last issued 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 earned $498.68 million during the quarter, compared to analysts’ expectations of $499.50 million. During the same period in the prior year, the firm posted $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 22.65 on Tuesday. Werner Enterprises Inc. has a one year low of $20.91 and a one year high of $28.80. The firm has a market capitalization of $1.63 billion, a PE ratio of 15.29 and a beta of 0.81. The stock has a 50 day moving average price of $23.37 and a 200-day moving average price of $24.28.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 3rd will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, September 29th. Werner Enterprises’s dividend payout ratio is currently 16.22%.
Several large investors have recently modified their holdings of WERN. Paradigm Asset Management Co. LLC increased its position in shares of 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 in the last quarter. Profund Advisors LLC increased its position 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 valued at $218,000 after buying an additional 1,311 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Werner Enterprises by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 10,487 shares of the company’s stock valued at $241,000 after buying an additional 513 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Werner Enterprises during the second quarter valued at approximately $366,000. Finally, BlackRock Advisors LLC increased its position in shares of Werner Enterprises by 3.0% in the second quarter. BlackRock Advisors LLC now owns 20,484 shares of the company’s stock valued at $471,000 after buying an additional 592 shares in the last quarter. Institutional investors and hedge funds own 64.78% of the company’s stock.
A number of analysts recently issued reports on the company. Barclays PLC lifted their target price on Werner Enterprises from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, September 12th. Citigroup Inc. lowered their target price on Werner Enterprises from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, July 11th. Deutsche Bank AG set a $23.00 price target on Werner Enterprises and gave the stock a “hold” rating in a report on Monday, July 25th. Cowen and Company reduced their price target on Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating for the company in a report on Tuesday, June 21st. Finally, Bank of America Corp. cut Werner Enterprises from a “neutral” rating to an “underperform” rating in a report on Tuesday, June 21st. Two investment 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 company. Werner Enterprises has an average rating of “Hold” and an average price target 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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