Zacks: Brokerages Anticipate Werner Enterprises (WERN) to Announce $0.50 Earnings Per Share

Equities analysts expect that Werner Enterprises (NASDAQ:WERN) will announce earnings of $0.50 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Werner Enterprises’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.53. Werner Enterprises reported earnings per share of $0.32 in the same quarter last year, which indicates a positive year-over-year growth rate of 56.3%. The business is scheduled to announce its next earnings report on Monday, July 23rd.

According to Zacks, analysts expect that Werner Enterprises will report full year earnings of $2.01 per share for the current year, with EPS estimates ranging from $1.90 to $2.13. For the next fiscal year, analysts anticipate that the business will post earnings of $2.34 per share, with EPS estimates ranging from $2.20 to $2.46. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Werner Enterprises.

Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Thursday, April 19th. The transportation company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $562.68 million during the quarter, compared to the consensus estimate of $553.72 million. Werner Enterprises had a net margin of 9.86% and a return on equity of 9.30%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share.

Several research firms have recently weighed in on WERN. Morgan Stanley lifted their target price on shares of Werner Enterprises from $37.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Stephens reiterated a “buy” rating and issued a $48.00 target price on shares of Werner Enterprises in a research note on Wednesday, January 10th. Bank of America lifted their target price on shares of Werner Enterprises from $36.00 to $41.00 and gave the stock an “underperform” rating in a research note on Tuesday, January 30th. Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Saturday, January 6th. Finally, BidaskClub downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.43.

Several hedge funds have recently added to or reduced their stakes in the company. J. Goldman & Co LP boosted its position in shares of Werner Enterprises by 69.5% in the fourth quarter. J. Goldman & Co LP now owns 367,364 shares of the transportation company’s stock valued at $14,199,000 after acquiring an additional 150,650 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of Werner Enterprises in the fourth quarter valued at approximately $1,949,000. Vident Investment Advisory LLC boosted its position in shares of Werner Enterprises by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 86,799 shares of the transportation company’s stock valued at $3,355,000 after acquiring an additional 5,302 shares during the period. Millennium Management LLC boosted its position in shares of Werner Enterprises by 23.2% in the fourth quarter. Millennium Management LLC now owns 1,056,019 shares of the transportation company’s stock valued at $40,815,000 after acquiring an additional 198,614 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Werner Enterprises by 4.0% in the fourth quarter. Teachers Advisors LLC now owns 87,480 shares of the transportation company’s stock valued at $3,381,000 after acquiring an additional 3,370 shares during the period. Institutional investors own 65.55% of the company’s stock.

Shares of WERN traded down $1.15 during trading hours on Tuesday, hitting $34.70. The company’s stock had a trading volume of 1,552,644 shares, compared to its average volume of 988,972. The company has a market capitalization of $2,608.35, a price-to-earnings ratio of 25.17, a PEG ratio of 1.25 and a beta of 0.97. The company has a quick ratio of 1.89, a current ratio of 1.94 and a debt-to-equity ratio of 0.06. Werner Enterprises has a 52-week low of $25.15 and a 52-week high of $43.95.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 16th will be given 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 0.81%. Werner Enterprises’s dividend payout ratio (DPR) is currently 22.05%.

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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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