FY2018 Earnings Estimate for Werner Enterprises, Inc. (WERN) Issued By KeyCorp
Werner Enterprises, Inc. (NASDAQ:WERN) – Equities researchers at KeyCorp increased their FY2018 earnings per share (EPS) estimates for shares of Werner Enterprises in a note issued to investors on Wednesday. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings of $1.50 per share for the year, up from their previous estimate of $1.45.
Several other research firms have also commented on WERN. Stephens raised Werner Enterprises from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $30.00 to $36.00 in a research report on Monday, August 14th. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Bank of America Corporation raised Werner Enterprises from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $30.00 to $32.00 in a research report on Tuesday, July 25th. TheStreet raised Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. Finally, Zacks Investment Research raised Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $33.00.
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Shares of Werner Enterprises (WERN) opened at 34.55 on Friday. The stock has a market cap of $2.50 billion, a P/E ratio of 31.41 and a beta of 0.90. The company has a 50 day moving average price of $34.83 and a 200 day moving average price of $29.87. Werner Enterprises has a 12-month low of $21.45 and a 12-month high of $37.00.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The firm had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS.
Several institutional investors have recently made changes to their positions in WERN. Wells Fargo & Company MN grew its stake in 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 purchasing an additional 13,137 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Werner Enterprises by 18.6% in the first quarter. UBS Asset Management Americas Inc. now owns 20,403 shares of the transportation company’s stock worth $535,000 after purchasing an additional 3,200 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Werner Enterprises by 0.9% in the first quarter. Parametric Portfolio Associates LLC now owns 98,390 shares of the transportation company’s stock worth $2,578,000 after purchasing an additional 873 shares in the last quarter. Oxford Asset Management acquired a new position in Werner Enterprises in the first quarter worth about $276,000. Finally, Mason Street Advisors LLC grew its stake in Werner Enterprises by 1.4% in the first quarter. Mason Street Advisors LLC now owns 21,145 shares of the transportation company’s stock worth $554,000 after purchasing an additional 293 shares in the last quarter. Institutional investors own 64.10% of the company’s stock.
In other news, VP Jim S. Schelble sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.17, for a total transaction of $226,275.00. Following the completion of the sale, the vice president now directly owns 55,306 shares in the company, valued at $1,668,582.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Derek J. Leathers sold 12,244 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $30.02, for a total value of $367,564.88. Following the sale, the chief executive officer now owns 228,780 shares of the company’s stock, valued at $6,867,975.60. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $1,593,570 over the last 90 days. Insiders own 34.70% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.77%. Werner Enterprises’s dividend payout ratio is presently 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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