Brokerages expect Werner Enterprises, Inc. (NASDAQ:WERN) to post $625.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Werner Enterprises’ earnings, with the highest sales estimate coming in at $637.30 million and the lowest estimate coming in at $610.36 million. Werner Enterprises posted sales of $528.64 million during the same quarter last year, which suggests a positive year-over-year growth rate of 18.3%. The company is scheduled to announce its next earnings report after the market closes on Thursday, October 18th.
According to Zacks, analysts expect that Werner Enterprises will report full year sales of $2.46 billion for the current financial year, with estimates ranging from $2.42 billion to $2.50 billion. For the next financial year, analysts expect that the business will report sales of $2.66 billion, with estimates ranging from $2.54 billion to $2.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last released its earnings results on Monday, July 23rd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.11. The company had revenue of $619.13 million during the quarter, compared to analyst estimates of $599.20 million. Werner Enterprises had a return on equity of 10.71% and a net margin of 10.09%. Werner Enterprises’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB bought a new position in Werner Enterprises during the second quarter valued at $230,000. Atria Investments LLC bought a new position in Werner Enterprises during the third quarter valued at $224,000. Levin Capital Strategies L.P. bought a new position in Werner Enterprises during the first quarter valued at $292,000. Green Square Capital LLC bought a new position in Werner Enterprises during the second quarter valued at $304,000. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in Werner Enterprises by 56.5% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,192 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 3,318 shares during the period. 68.40% of the stock is owned by institutional investors and hedge funds.
Shares of WERN stock traded down $0.23 during trading on Monday, hitting $32.22. The company’s stock had a trading volume of 1,185,781 shares, compared to its average volume of 982,065. The firm has a market cap of $2.53 billion, a PE ratio of 25.37, a P/E/G ratio of 1.09 and a beta of 1.01. The company has a quick ratio of 1.76, a current ratio of 1.81 and a debt-to-equity ratio of 0.08. Werner Enterprises has a 52 week low of $32.04 and a 52 week high of $43.95.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Monday, October 1st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Friday, September 28th. Werner Enterprises’s dividend payout ratio (DPR) is 28.35%.
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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