Werner Enterprises (WERN) Expected to Announce Quarterly Sales of $555.18 Million

Equities research analysts expect Werner Enterprises (NASDAQ:WERN) to report $555.18 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Werner Enterprises’ earnings, with the highest sales estimate coming in at $562.53 million and the lowest estimate coming in at $544.40 million. Werner Enterprises reported sales of $501.22 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.8%. The business is scheduled to issue its next quarterly earnings results after the market closes on Thursday, April 19th.

On average, analysts expect that Werner Enterprises will report full year sales of $555.18 million for the current year, with estimates ranging from $2.30 billion to $2.39 billion. For the next year, analysts forecast that the firm will report sales of $2.51 billion per share, with estimates ranging from $2.38 billion to $2.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Werner Enterprises.

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Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Monday, January 29th. The transportation company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. The business had revenue of $567.37 million for the quarter, compared to analysts’ expectations of $554.58 million. During the same period in the previous year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year.

A number of research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Werner Enterprises from $37.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Stephens reissued a “buy” rating and set a $48.00 target price on shares of Werner Enterprises in a research report on Wednesday, January 10th. Zacks Investment Research cut shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America boosted their target price on shares of Werner Enterprises from $36.00 to $41.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus assumed coverage on shares of Werner Enterprises in a research report on Friday. They set a “buy” rating and a $43.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $40.53.

Shares of NASDAQ WERN traded down $0.90 during trading on Monday, reaching $35.55. 1,404,716 shares of the stock were exchanged, compared to its average volume of 857,367. Werner Enterprises has a twelve month low of $24.20 and a twelve month high of $43.95. The company has a current ratio of 1.72, a quick ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2,640.89, a P/E ratio of 27.99, a PEG ratio of 1.27 and a beta of 0.97.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, April 16th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, April 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. Werner Enterprises’s dividend payout ratio (DPR) is presently 22.05%.

Large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of Werner Enterprises by 29.4% in the third quarter. Prudential Financial Inc. now owns 39,595 shares of the transportation company’s stock worth $1,447,000 after buying an additional 9,000 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Werner Enterprises in the fourth quarter worth $2,768,000. Schwab Charles Investment Management Inc. increased its stake in shares of Werner Enterprises by 2.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 413,155 shares of the transportation company’s stock worth $15,969,000 after buying an additional 11,349 shares during the last quarter. Swiss National Bank increased its stake in shares of Werner Enterprises by 2.7% in the fourth quarter. Swiss National Bank now owns 79,100 shares of the transportation company’s stock worth $3,057,000 after buying an additional 2,100 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Werner Enterprises by 8.5% in the fourth quarter. BlackRock Inc. now owns 5,222,363 shares of the transportation company’s stock worth $201,843,000 after buying an additional 408,612 shares during the last quarter. Institutional investors and hedge funds own 65.69% of the company’s stock.

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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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Earnings History and Estimates for Werner Enterprises (NASDAQ:WERN)

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