Werner Enterprises (WERN) Expected to Announce Earnings of $0.37 Per Share

Equities analysts expect Werner Enterprises (NASDAQ:WERN) to post earnings of $0.37 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Werner Enterprises’ earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.40. Werner Enterprises reported earnings per share of $0.22 in the same quarter last year, which indicates a positive year over year growth rate of 68.2%. The company is expected to announce its next earnings report after the market closes on Thursday, April 19th.

According to Zacks, analysts expect that Werner Enterprises will report full year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $2.13. For the next fiscal year, analysts forecast that the business will report earnings of $2.31 per share, with EPS estimates ranging from $2.10 to $2.41. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Werner Enterprises.

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

A number of brokerages recently issued reports on WERN. BidaskClub lowered Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Stifel Nicolaus began coverage on Werner Enterprises in a research note on Friday, April 6th. They issued a “buy” rating and a $43.00 target price for the company. Zacks Investment Research downgraded Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, April 7th. Stephens reaffirmed a “buy” rating and set a $48.00 price target on shares of Werner Enterprises in a research report on Wednesday, January 10th. Finally, Deutsche Bank raised Werner Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday, April 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.71.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Werner Enterprises by 8.5% during the 4th quarter. BlackRock Inc. now owns 5,222,363 shares of the transportation company’s stock valued at $201,843,000 after acquiring an additional 408,612 shares during the period. Victory Capital Management Inc. grew its position in shares of Werner Enterprises by 19.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,178,748 shares of the transportation company’s stock valued at $84,209,000 after acquiring an additional 351,852 shares during the period. Alliancebernstein L.P. grew its position in shares of Werner Enterprises by 13.6% during the 4th quarter. Alliancebernstein L.P. now owns 2,061,228 shares of the transportation company’s stock valued at $79,666,000 after acquiring an additional 247,353 shares during the period. Millennium Management LLC grew its position in shares of Werner Enterprises by 23.2% during the 4th 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, Goldman Sachs Group Inc. grew its position in shares of Werner Enterprises by 7.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 990,329 shares of the transportation company’s stock valued at $38,277,000 after acquiring an additional 71,423 shares during the period. 65.69% of the stock is currently owned by institutional investors.

Shares of WERN stock opened at $37.40 on Tuesday. The firm has a market capitalization of $2,622.84, a P/E ratio of 29.45, a PEG ratio of 1.26 and a beta of 0.97. The company has a quick ratio of 1.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.06. Werner Enterprises has a 1 year low of $24.20 and a 1 year high of $43.95.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, April 16th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, April 13th. Werner Enterprises’s dividend payout ratio 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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