Werner Enterprises, Inc. (NASDAQ:WERN) Expected to Announce Earnings of $0.60 Per Share

Wall Street analysts expect Werner Enterprises, Inc. (NASDAQ:WERN) to announce $0.60 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Werner Enterprises’ earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.58. Werner Enterprises reported earnings per share of $0.66 during the same quarter last year, which would indicate a negative year over year growth rate of 9.1%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, October 24th.

According to Zacks, analysts expect that Werner Enterprises will report full year earnings of $2.40 per share for the current fiscal year, with EPS estimates ranging from $2.32 to $2.45. For the next financial year, analysts expect that the company will post earnings of $2.41 per share, with EPS estimates ranging from $2.00 to $2.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Werner Enterprises.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.01). Werner Enterprises had a return on equity of 15.11% and a net margin of 7.26%. The company had revenue of $627.53 million for the quarter, compared to analyst estimates of $634.67 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis.

Several equities research analysts have recently commented on WERN shares. Morgan Stanley lifted their price objective on shares of Werner Enterprises from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. BidaskClub upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Stephens started coverage on shares of Werner Enterprises in a research report on Monday, July 1st. They set a “buy” rating for the company. Deutsche Bank set a $39.00 target price on shares of Werner Enterprises and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, UBS Group boosted their target price on shares of Werner Enterprises from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.73.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oakworth Capital Inc. purchased a new position in Werner Enterprises in the second quarter valued at $26,000. NumerixS Investment Technologies Inc purchased a new position in Werner Enterprises in the second quarter valued at $71,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Werner Enterprises by 19.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the transportation company’s stock valued at $82,000 after buying an additional 436 shares in the last quarter. Signaturefd LLC increased its holdings in Werner Enterprises by 55.6% in the second quarter. Signaturefd LLC now owns 2,678 shares of the transportation company’s stock valued at $83,000 after buying an additional 957 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Werner Enterprises by 40.5% in the second quarter. Parallel Advisors LLC now owns 2,954 shares of the transportation company’s stock valued at $92,000 after buying an additional 851 shares in the last quarter. Institutional investors own 68.27% of the company’s stock.

Shares of NASDAQ:WERN traded up $0.71 on Wednesday, hitting $35.89. 496,272 shares of the company were exchanged, compared to its average volume of 651,664. Werner Enterprises has a 1-year low of $27.27 and a 1-year high of $36.53. The stock’s 50 day moving average price is $34.12 and its 200 day moving average price is $32.59. The company has a current ratio of 1.98, a quick ratio of 1.94 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $2.44 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.70 and a beta of 1.25.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Monday, October 7th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.00%. Werner Enterprises’s dividend payout ratio is presently 15.13%.

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, and China. It operates in 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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