According to Zacks, “Werner Enterprises, Inc. is a transportation company primarily engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates throughout the 48 contiguous states pursuant to operating authority, both common and contract, granted by the Department of Transportation and pursuant to intrastate authority granted by various states. They also have authority to operate in the ten provinces of Canada and have through trailer service in and out of Mexico. “
A number of other equities analysts also recently commented on WERN. Barclays PLC upped their target price on shares of Werner Enterprises from $24.00 to $26.00 and gave the stock an equal weight rating in a research note on Monday, September 12th. Citigroup Inc. dropped their target price on shares of Werner Enterprises from $25.00 to $24.00 and set a neutral rating on the stock in a research note on Monday, July 11th. Evercore ISI began coverage on shares of Werner Enterprises in a research note on Friday, June 3rd. They issued a hold rating and a $28.00 target price on the stock. Deutsche Bank AG set a $23.00 target price on shares of Werner Enterprises and gave the stock a hold rating in a research note on Monday, July 25th. Finally, Cowen and Company dropped their price objective on shares of Werner Enterprises from $28.00 to $23.00 and set a market perform rating on the stock in a research note on Tuesday, June 21st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $27.06.
Werner Enterprises (NASDAQ:WERN) opened at 23.27 on Tuesday. Werner Enterprises has a one year low of $20.91 and a one year high of $28.80. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.71 and a beta of 0.86. The company has a 50-day moving average of $23.38 and a 200-day moving average of $24.58.
Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Thursday, July 21st. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The business had revenue of $498.68 million for the quarter, compared to the consensus estimate of $499.50 million. Werner Enterprises had a net margin of 5.24% and a return on equity of 11.42%. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities analysts forecast that Werner Enterprises will post $1.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 3rd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.03%. Werner Enterprises’s dividend payout ratio (DPR) is presently 16.22%.
Several hedge funds and other institutional investors have recently modified their holdings of WERN. Public Employees Retirement System of Ohio boosted its position in shares of Werner Enterprises by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,962 shares of the company’s stock valued at $137,000 after buying an additional 380 shares during the period. Paradigm Asset Management Co. LLC boosted 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 during the period. Teacher Retirement System of Texas boosted its position in shares of Werner Enterprises by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the company’s stock valued at $150,000 after buying an additional 790 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Werner Enterprises by 46.4% in the second quarter. Advisors Asset Management Inc. now owns 7,300 shares of the company’s stock valued at $168,000 after buying an additional 2,315 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Werner Enterprises during the first quarter valued at about $200,000. 64.80% of the stock is owned by hedge funds and other institutional investors.
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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).
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