Werner Enterprises, Inc. (NASDAQ:WERN) – Research analysts at KeyCorp boosted their FY2018 earnings per share estimates for shares of Werner Enterprises in a research report issued to clients and investors on Thursday, October 18th. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $2.33 for the year, up from their prior estimate of $2.25. KeyCorp also issued estimates for Werner Enterprises’ Q4 2018 earnings at $0.68 EPS and FY2019 earnings at $2.60 EPS.
A number of other research firms also recently commented on WERN. ValuEngine upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. BidaskClub upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Robert W. Baird increased their target price on Werner Enterprises from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Citigroup increased their target price on Werner Enterprises from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Finally, Bank of America upgraded Werner Enterprises from an “underperform” rating to a “neutral” rating and increased their target price for the company from $41.00 to $44.00 in a research report on Tuesday, July 24th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $42.80.
WERN stock opened at $33.47 on Monday. Werner Enterprises has a 1-year low of $31.66 and a 1-year high of $43.95. The company has a quick ratio of 1.76, a current ratio of 1.81 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.06. Werner Enterprises had a return on equity of 12.44% and a net margin of 10.71%. The business had revenue of $629.70 million during the quarter, compared to the consensus estimate of $628.71 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its holdings in Werner Enterprises by 4.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 38,494 shares of the transportation company’s stock valued at $1,445,000 after buying an additional 1,536 shares during the period. Optimum Investment Advisors raised its holdings in Werner Enterprises by 11.2% during the 3rd quarter. Optimum Investment Advisors now owns 18,900 shares of the transportation company’s stock valued at $668,000 after buying an additional 1,900 shares during the period. United Services Automobile Association raised its holdings in Werner Enterprises by 7.3% during the 2nd quarter. United Services Automobile Association now owns 31,430 shares of the transportation company’s stock valued at $1,180,000 after buying an additional 2,147 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in Werner Enterprises by 13.6% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 24,536 shares of the transportation company’s stock valued at $896,000 after buying an additional 2,930 shares during the period. Finally, Levin Capital Strategies L.P. raised its holdings in Werner Enterprises by 37.5% during the 2nd quarter. Levin Capital Strategies L.P. now owns 11,000 shares of the transportation company’s stock valued at $413,000 after buying an additional 3,000 shares during the period. Institutional investors own 68.44% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 16th. Stockholders of record on Monday, October 1st were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. Werner Enterprises’s dividend payout ratio is currently 28.35%.
Werner Enterprises Company Profile
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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