Werner Enterprises, Inc. to Post Q2 2022 Earnings of $0.95 Per Share, KeyCorp Forecasts (NASDAQ:WERN)

Werner Enterprises, Inc. (NASDAQ:WERNGet Rating) – Analysts at KeyCorp raised their Q2 2022 earnings estimates for Werner Enterprises in a research note issued to investors on Tuesday, May 3rd. KeyCorp analyst T. Fowler now expects that the transportation company will earn $0.95 per share for the quarter, up from their prior estimate of $0.89. KeyCorp also issued estimates for Werner Enterprises’ Q3 2022 earnings at $0.98 EPS, Q4 2022 earnings at $1.01 EPS, FY2022 earnings at $3.90 EPS and FY2023 earnings at $3.85 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company raised shares of Werner Enterprises from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $38.00 to $46.00 in a research report on Thursday, March 24th. StockNews.com began coverage on shares of Werner Enterprises in a research report on Thursday, March 31st. They issued a “buy” rating for the company. JPMorgan Chase & Co. cut 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 report on Friday, April 8th. Bank of America cut shares of Werner Enterprises from a “neutral” rating to an “underperform” rating and set a $38.00 price objective for the company. in a research report on Friday, April 8th. Finally, Stephens cut shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and cut their price objective 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 eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.00.

Shares of Werner Enterprises stock opened at $42.42 on Friday. The firm has a 50-day moving average of $40.86 and a 200-day moving average of $43.95. The stock has a market cap of $2.76 billion, a PE ratio of 10.69, a PEG ratio of 3.27 and a beta of 0.76. Werner Enterprises has a 52-week low of $36.29 and a 52-week high of $49.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.31 and a current ratio of 2.35.

Werner Enterprises (NASDAQ:WERNGet Rating) last announced its earnings results on Tuesday, May 3rd. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The company had revenue of $764.60 million during the quarter, compared to analysts’ expectations of $754.14 million. Werner Enterprises had a net margin of 9.24% and a return on equity of 19.14%. Werner Enterprises’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 3rd. Shareholders of record on Monday, April 18th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.13%. The ex-dividend date was Thursday, April 14th. Werner Enterprises’s payout ratio is 12.09%.

Institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its position in Werner Enterprises by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,929 shares of the transportation company’s stock valued at $616,000 after purchasing an additional 234 shares during the period. O Shares Investment Advisers LLC increased its position in Werner Enterprises by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 11,786 shares of the transportation company’s stock valued at $562,000 after purchasing an additional 268 shares during the period. Securian Asset Management Inc. increased its position in Werner Enterprises by 5.7% during the 3rd quarter. Securian Asset Management Inc. now owns 5,544 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 301 shares during the period. J2 Capital Management Inc increased its position in Werner Enterprises by 5.5% during the 1st quarter. J2 Capital Management Inc now owns 6,555 shares of the transportation company’s stock valued at $269,000 after purchasing an additional 340 shares during the period. Finally, Speece Thorson Capital Group Inc. increased its position in Werner Enterprises by 0.3% during the 4th quarter. Speece Thorson Capital Group Inc. now owns 105,399 shares of the transportation company’s stock valued at $5,023,000 after purchasing an additional 345 shares during the period. 91.33% of the stock is owned by institutional investors.

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.

Read More

Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.