Equities research analysts predict that Werner Enterprises, Inc. (NASDAQ:WERN) will report $650.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Werner Enterprises’ earnings. The highest sales estimate is $669.20 million and the lowest is $643.00 million. Werner Enterprises posted sales of $567.37 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.6%. The firm is expected to announce its next earnings report on Monday, February 4th.
On average, analysts expect that Werner Enterprises will report full year sales of $2.46 billion for the current fiscal year, with estimates ranging from $2.46 billion to $2.48 billion. For the next year, analysts forecast that the business will report sales of $2.64 billion, with estimates ranging from $2.59 billion to $2.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Werner Enterprises.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, October 18th. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.06. Werner Enterprises had a net margin of 10.71% and a return on equity of 12.34%. The firm had revenue of $629.70 million during the quarter, compared to the consensus estimate of $628.71 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year.
WERN has been the subject of a number of recent research reports. Stephens set a $40.00 price objective on shares of Werner Enterprises and gave the company a “buy” rating in a research report on Friday, October 19th. Loop Capital began coverage on shares of Werner Enterprises in a research note on Monday, October 1st. They set a “buy” rating and a $42.00 target price on the stock. BidaskClub upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. ValuEngine upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Finally, Morgan Stanley set a $48.00 target price on shares of Werner Enterprises and gave the company a “buy” rating in a research note on Monday, October 22nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Werner Enterprises presently has a consensus rating of “Hold” and an average target price of $41.33.
Shares of WERN stock opened at $30.84 on Tuesday. Werner Enterprises has a 1 year low of $29.85 and a 1 year high of $43.95. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.14 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.08.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, December 31st. Werner Enterprises’s dividend payout ratio (DPR) is 28.35%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WERN. BlackRock Inc. lifted its stake in Werner Enterprises by 5.1% in the 3rd quarter. BlackRock Inc. now owns 5,796,864 shares of the transportation company’s stock worth $204,920,000 after purchasing an additional 280,522 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Werner Enterprises by 62.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,852,515 shares of the transportation company’s stock worth $171,537,000 after purchasing an additional 1,868,490 shares in the last quarter. Vanguard Group Inc lifted its stake in Werner Enterprises by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 4,130,911 shares of the transportation company’s stock worth $146,027,000 after purchasing an additional 198,519 shares in the last quarter. Vanguard Group Inc. lifted its stake in Werner Enterprises by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,130,911 shares of the transportation company’s stock worth $146,027,000 after purchasing an additional 198,519 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Werner Enterprises by 7.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,078,522 shares of the transportation company’s stock worth $38,126,000 after purchasing an additional 78,271 shares in the last quarter. Institutional investors own 72.93% of the company’s stock.
Werner Enterprises Company Profile
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, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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