Werner Enterprises (NASDAQ:WERN – Get Rating) will be posting its quarterly earnings results after the market closes on Tuesday, May 3rd. Analysts expect Werner Enterprises to post earnings of $0.86 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Werner Enterprises (NASDAQ:WERN – Get Rating) last issued its quarterly earnings data on Thursday, February 3rd. The transportation company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.17. The company had revenue of $765.22 million for the quarter, compared to analyst estimates of $725.09 million. Werner Enterprises had a net margin of 9.47% and a return on equity of 18.18%. During the same period in the prior year, the firm earned $0.89 earnings per share. On average, analysts expect Werner Enterprises to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of WERN opened at $39.61 on Tuesday. Werner Enterprises has a fifty-two week low of $36.29 and a fifty-two week high of $49.76. The firm has a market capitalization of $2.58 billion, a PE ratio of 10.34, a PEG ratio of 3.15 and a beta of 0.78. The company’s 50-day moving average is $41.35 and its 200-day moving average is $44.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.35 and a quick ratio of 2.31.
A number of research firms recently commented on WERN. Barclays lowered their price target on shares of Werner Enterprises from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, January 14th. Wells Fargo & Company raised shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $38.00 to $46.00 in a research report on Thursday, March 24th. Bank of America lowered shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and set a $38.00 price target on the stock. in a research report on Friday, April 8th. Stephens lowered shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $56.00 to $47.00 in a research report on Friday, April 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Werner Enterprises from $47.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.60.
A number of institutional investors have recently added to or reduced their stakes in WERN. Morgan Stanley raised its holdings in Werner Enterprises by 24.7% during the 2nd quarter. Morgan Stanley now owns 532,678 shares of the transportation company’s stock worth $23,714,000 after purchasing an additional 105,520 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Werner Enterprises by 18.9% in the 3rd quarter. Royal Bank of Canada now owns 6,577 shares of the transportation company’s stock valued at $291,000 after acquiring an additional 1,046 shares in the last quarter. UBS Group AG increased its stake in shares of Werner Enterprises by 38.2% in the 3rd quarter. UBS Group AG now owns 5,879 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 1,624 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Werner Enterprises by 43.9% in the 3rd quarter. Jane Street Group LLC now owns 26,867 shares of the transportation company’s stock valued at $1,189,000 after acquiring an additional 8,193 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Werner Enterprises in the 3rd quarter valued at $273,000. 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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