Werner Enterprises (NASDAQ:WERN) Issues Earnings Results

Werner Enterprises (NASDAQ:WERNGet Rating) released its earnings results on Tuesday. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09, MarketWatch Earnings reports. The firm had revenue of $764.60 million during the quarter, compared to analysts’ expectations of $754.14 million. Werner Enterprises had a return on equity of 18.18% and a net margin of 9.47%. The company’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS.

Shares of NASDAQ:WERN opened at $40.03 on Wednesday. Werner Enterprises has a 52-week low of $36.29 and a 52-week high of $49.76. The company has a market capitalization of $2.60 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 3.23 and a beta of 0.76. The company has a 50-day simple moving average of $40.89 and a 200 day simple moving average of $43.98. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, May 3rd. Investors of record on Monday, April 18th were paid a $0.12 dividend. The ex-dividend date was Thursday, April 14th. This represents a $0.48 annualized dividend and a yield of 1.20%. Werner Enterprises’s dividend payout ratio (DPR) is currently 12.53%.

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its stake in Werner Enterprises by 13.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 5,736 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 695 shares during the last quarter. UBS Group AG lifted its position in Werner Enterprises by 38.2% during the third quarter. UBS Group AG now owns 5,879 shares of the transportation company’s stock worth $260,000 after acquiring an additional 1,624 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Werner Enterprises during the third quarter worth approximately $273,000. Royal Bank of Canada lifted its position in Werner Enterprises by 18.9% during the third quarter. Royal Bank of Canada now owns 6,577 shares of the transportation company’s stock worth $291,000 after acquiring an additional 1,046 shares during the last quarter. Finally, Boston Private Wealth LLC lifted its position in Werner Enterprises by 7.4% during the fourth quarter. Boston Private Wealth LLC now owns 8,032 shares of the transportation company’s stock worth $382,000 after acquiring an additional 553 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

A number of equities analysts have issued reports on the company. Bank of America cut Werner Enterprises from a “neutral” rating to an “underperform” rating and set a $38.00 target price for the company. in a report on Friday, April 8th. Wells Fargo & Company upgraded Werner Enterprises from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $38.00 to $46.00 in a report on Thursday, March 24th. StockNews.com initiated coverage on shares of Werner Enterprises in a research note on Thursday, March 31st. They set a “buy” rating for the company. Susquehanna upgraded shares of Werner Enterprises from a “neutral” rating to a “positive” rating and reduced their price objective for the stock from $49.00 to $46.00 in a research note on Tuesday, April 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Werner Enterprises from $47.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, April 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Werner Enterprises has an average rating of “Hold” and an average target price of $49.00.

Werner Enterprises Company Profile (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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Earnings History for Werner Enterprises (NASDAQ:WERN)

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