Werner Enterprises, Inc. (NASDAQ:WERN) Expected to Announce Quarterly Sales of $781.14 Million

Wall Street brokerages expect Werner Enterprises, Inc. (NASDAQ:WERNGet Rating) to post $781.14 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Werner Enterprises’ earnings. The highest sales estimate is $809.67 million and the lowest is $747.97 million. Werner Enterprises posted sales of $649.81 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.2%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Werner Enterprises will report full-year sales of $3.11 billion for the current year, with estimates ranging from $3.00 billion to $3.20 billion. For the next year, analysts expect that the business will report sales of $3.17 billion, with estimates ranging from $2.93 billion to $3.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Werner Enterprises.

Werner Enterprises (NASDAQ:WERNGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The transportation company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. Werner Enterprises had a return on equity of 19.02% and a net margin of 9.24%. The company had revenue of $764.60 million for the quarter, compared to the consensus estimate of $754.14 million. During the same period last year, the business posted $0.68 EPS. Werner Enterprises’s quarterly revenue was up 24.0% on a year-over-year basis.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new stake in Werner Enterprises during the first quarter worth approximately $296,000. Jane Street Group LLC raised its stake in shares of Werner Enterprises by 120.9% in the first quarter. Jane Street Group LLC now owns 45,529 shares of the transportation company’s stock worth $1,867,000 after purchasing an additional 263,296 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Werner Enterprises during the first quarter valued at approximately $146,000. Quantamental Technologies LLC purchased a new position in Werner Enterprises during the 1st quarter worth $262,000. Finally, Quantbot Technologies LP grew its stake in shares of Werner Enterprises by 80.8% in the 1st quarter. Quantbot Technologies LP now owns 16,682 shares of the transportation company’s stock worth $683,000 after acquiring an additional 7,456 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Shares of WERN stock opened at $41.18 on Friday. The business’s 50 day moving average is $39.83 and its two-hundred day moving average is $43.17. Werner Enterprises has a 12-month low of $36.29 and a 12-month high of $48.79. The company has a market capitalization of $2.68 billion, a P/E ratio of 10.37, a P/E/G ratio of 2.50 and a beta of 0.75. The company has a current ratio of 2.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.31.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th will be issued a dividend of $0.13 per share. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, July 1st. Werner Enterprises’s payout ratio is 12.09%.

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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