Werner Enterprises Inc. (NASDAQ:WERN) – Analysts at KeyCorp dropped their FY2017 earnings per share estimates for shares of Werner Enterprises in a research note issued to investors on Thursday. KeyCorp analyst T. Fowler now anticipates that the brokerage will earn $1.15 per share for the year, down from their prior estimate of $1.25.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Werner Enterprises had a net margin of 5.24% and a return on equity of 11.42%. The company earned $498.68 million during the quarter, compared to analysts’ expectations of $499.50 million. During the same quarter last year, the company posted $0.44 EPS.
WERN has been the subject of a number of other research reports. Barclays PLC boosted their price objective on shares of Werner Enterprises from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, September 12th. TheStreet lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Zacks Investment Research raised shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Susquehanna reaffirmed a “neutral” rating on shares of Werner Enterprises in a research report on Wednesday, June 22nd. Finally, Cowen and Company dropped their price target on shares of Werner Enterprises from $28.00 to $23.00 and set a “market perform” rating for the company in a research report on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.06.
Shares of Werner Enterprises (NASDAQ:WERN) traded down 0.88% during midday trading on Monday, hitting $23.67. 404,676 shares of the stock were exchanged. The firm has a 50 day moving average of $23.44 and a 200 day moving average of $24.40. Werner Enterprises has a 12-month low of $20.91 and a 12-month high of $28.80. The firm has a market cap of $1.71 billion, a P/E ratio of 15.98 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.01%. Werner Enterprises’s dividend payout ratio (DPR) is 16.22%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its position in Werner Enterprises by 1,883.6% in the second quarter. Alliancebernstein L.P. now owns 1,627,408 shares of the company’s stock worth $37,382,000 after buying an additional 1,545,366 shares during the period. Bank of New York Mellon Corp increased its position in Werner Enterprises by 102.1% in the second quarter. Bank of New York Mellon Corp now owns 2,165,829 shares of the company’s stock worth $49,749,000 after buying an additional 1,094,336 shares during the period. American Century Companies Inc. bought a new position in Werner Enterprises during the second quarter worth approximately $20,376,000. Dimensional Fund Advisors LP increased its position in Werner Enterprises by 15.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,786,079 shares of the company’s stock worth $109,935,000 after buying an additional 647,890 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Werner Enterprises during the second quarter worth approximately $14,620,000. Hedge funds and other institutional investors own 64.80% of the company’s stock.
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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