Analysts Expect Werner Enterprises, Inc. (NASDAQ:WERN) to Announce $0.87 EPS

Analysts predict that Werner Enterprises, Inc. (NASDAQ:WERNGet Rating) will report earnings per share of $0.87 for the current quarter, Zacks reports. Eight analysts have made estimates for Werner Enterprises’ earnings. The highest EPS estimate is $0.96 and the lowest is $0.79. Werner Enterprises posted earnings of $0.68 per share in the same quarter last year, which would suggest a positive year over year growth rate of 27.9%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Werner Enterprises will report full year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $4.21. For the next fiscal year, analysts forecast that the firm will post earnings of $3.79 per share, with EPS estimates ranging from $3.45 to $4.34. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Werner Enterprises.

Werner Enterprises (NASDAQ:WERNGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The transportation company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.17. Werner Enterprises had a return on equity of 18.18% and a net margin of 9.47%. The company had revenue of $765.22 million for the quarter, compared to analyst estimates of $725.09 million. During the same quarter last year, the firm earned $0.89 EPS.

WERN has been the topic of several recent research reports. StockNews.com initiated coverage on Werner Enterprises in a report on Thursday, March 31st. They set a “buy” rating on the stock. Barclays decreased their price objective on Werner Enterprises from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, January 14th. JPMorgan Chase & Co. cut their target price on Werner Enterprises from $47.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, April 8th. Wells Fargo & Company upgraded Werner Enterprises from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $38.00 to $46.00 in a research report on Thursday, March 24th. Finally, Stephens downgraded Werner Enterprises from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $56.00 to $47.00 in a research report on Friday, April 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.60.

Shares of NASDAQ:WERN traded up $0.53 during trading on Wednesday, hitting $38.92. 977,727 shares of the stock were exchanged, compared to its average volume of 777,702. Werner Enterprises has a 1-year low of $36.29 and a 1-year high of $49.76. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 3.02 and a beta of 0.78. The company’s fifty day simple moving average is $41.54 and its 200-day simple moving average is $44.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.31 and a current ratio of 2.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 3rd. Shareholders of record on Monday, April 18th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, April 14th. This represents a $0.48 annualized dividend and a yield of 1.23%. Werner Enterprises’s payout ratio is 12.53%.

A number of institutional investors and hedge funds have recently modified their holdings of WERN. First Trust Advisors LP raised its position in Werner Enterprises by 2.5% in the 1st quarter. First Trust Advisors LP now owns 170,866 shares of the transportation company’s stock valued at $5,835,000 after purchasing an additional 4,132 shares during the last quarter. Morgan Stanley increased its stake in shares of Werner Enterprises by 24.7% in the 2nd quarter. Morgan Stanley now owns 532,678 shares of the transportation company’s stock valued at $23,714,000 after buying an additional 105,520 shares during the period. Texas Permanent School Fund increased its stake in shares of Werner Enterprises by 7.6% in the 3rd quarter. Texas Permanent School Fund now owns 45,729 shares of the transportation company’s stock valued at $2,024,000 after buying an additional 3,213 shares during the period. Signaturefd LLC increased its stake in shares of Werner Enterprises by 5.2% in the 3rd quarter. Signaturefd LLC now owns 5,467 shares of the transportation company’s stock valued at $242,000 after buying an additional 268 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Werner Enterprises by 99.7% in the 3rd quarter. Nordea Investment Management AB now owns 305,280 shares of the transportation company’s stock valued at $13,936,000 after buying an additional 152,407 shares during the period. Hedge funds and other institutional investors own 86.17% of the company’s stock.

About Werner Enterprises (Get Rating)

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, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.

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