Q2 2019 EPS Estimates for Werner Enterprises, Inc. Lowered by Analyst (WERN)

Werner Enterprises, Inc. (NASDAQ:WERN) – KeyCorp cut their Q2 2019 earnings estimates for Werner Enterprises in a research report issued on Wednesday, March 13th. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.70. KeyCorp also issued estimates for Werner Enterprises’ FY2020 earnings at $3.00 EPS.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. BidaskClub cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, November 30th. UBS Group cut shares of Werner Enterprises from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $42.00 to $36.00 in a research report on Tuesday, December 4th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Werner Enterprises in a research report on Thursday, February 7th. Finally, ValuEngine raised shares of Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. Werner Enterprises has an average rating of “Hold” and an average price target of $41.21.

NASDAQ:WERN opened at $34.42 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.47 and a quick ratio of 1.44. The company has a market cap of $2.45 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.92 and a beta of 1.26. Werner Enterprises has a fifty-two week low of $28.67 and a fifty-two week high of $42.80.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Wednesday, February 6th. The transportation company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.07. The firm had revenue of $646.40 million during the quarter, compared to analysts’ expectations of $649.70 million. Werner Enterprises had a net margin of 6.84% and a return on equity of 14.00%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS.

Hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc boosted its position in Werner Enterprises by 150.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,000 shares of the transportation company’s stock valued at $30,000 after buying an additional 600 shares during the period. PNC Financial Services Group Inc. boosted its position in Werner Enterprises by 81.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,262 shares of the transportation company’s stock valued at $37,000 after buying an additional 567 shares during the period. Advisor Group Inc. boosted its position in Werner Enterprises by 145.4% in the 4th quarter. Advisor Group Inc. now owns 2,123 shares of the transportation company’s stock valued at $61,000 after buying an additional 1,258 shares during the period. Honkamp Krueger Financial Services Inc. purchased a new position in Werner Enterprises in the 3rd quarter valued at approximately $106,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Werner Enterprises by 40.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,214 shares of the transportation company’s stock valued at $95,000 after buying an additional 922 shares during the period. 67.56% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Werner Enterprises (NASDAQ:WERN)

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