Werner Enterprises, Inc. (NASDAQ:WERN) - KeyCorp dropped their Q4 2017 EPS estimates for Werner Enterprises in a report released on Tuesday. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings of $0.38 per share for the quarter, down from their previous forecast of $0.40.
WERN has been the subject of several other reports. Bank of America Corporation reaffirmed an “underperform” rating and issued a $30.00 price objective (up from $25.00) on shares of Werner Enterprises in a research report on Monday, July 10th. Zacks Investment Research raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. BidaskClub lowered shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Deutsche Bank AG reissued a “hold” rating and set a $25.00 price target (down from $31.00) on shares of Werner Enterprises in a research report on Sunday, April 23rd. Finally, Morgan Stanley reissued an “overweight” rating and set a $32.00 price target (up from $30.00) on shares of Werner Enterprises in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.10.
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Shares of Werner Enterprises (NASDAQ WERN) traded up 0.34% during mid-day trading on Thursday, reaching $29.95. 639,040 shares of the company traded hands. Werner Enterprises has a 52 week low of $21.45 and a 52 week high of $32.45. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 27.23 and a beta of 0.88. The firm has a 50-day moving average price of $29.42 and a 200 day moving average price of $27.57.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share.
Several large investors have recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of Werner Enterprises by 15.9% in the first quarter. US Bancorp DE now owns 13,599 shares of the transportation company’s stock worth $356,000 after buying an additional 1,867 shares during the last quarter. Princeton Alpha Management LP purchased a new stake in shares of Werner Enterprises during the first quarter worth approximately $291,000. First Trust Advisors LP boosted its stake in shares of Werner Enterprises by 4.3% in the first quarter. First Trust Advisors LP now owns 96,788 shares of the transportation company’s stock worth $2,536,000 after buying an additional 4,019 shares during the last quarter. State Treasurer State of Michigan boosted its stake in shares of Werner Enterprises by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,175 shares of the transportation company’s stock worth $476,000 after buying an additional 200 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Werner Enterprises by 13.3% in the first quarter. Wells Fargo & Company MN now owns 111,781 shares of the transportation company’s stock worth $2,928,000 after buying an additional 13,137 shares during the last quarter. 66.38% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Jim S. Schelble sold 7,494 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the sale, the vice president now owns 55,300 shares of the company’s stock, valued at approximately $1,631,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 34.80% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Wednesday, July 5th were given a dividend of $0.07 per share. The ex-dividend date was Friday, June 30th. This is a positive change from Werner Enterprises’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.93%. Werner Enterprises’s dividend payout ratio (DPR) is currently 25.45%.
Werner Enterprises Company Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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