Werner Enterprises, Inc. (NASDAQ:WERN) Receives $39.20 Average PT from Analysts
Werner Enterprises, Inc. (NASDAQ:WERN) has earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $39.80.
WERN has been the subject of a number of analyst reports. Susquehanna Bancshares upgraded Werner Enterprises from a “neutral” rating to a “positive” rating and set a $46.00 price objective for the company in a research note on Wednesday. Goldman Sachs Group initiated coverage on Werner Enterprises in a research note on Thursday, December 5th. They set a “buy” rating and a $45.00 price objective for the company. Stifel Nicolaus cut Werner Enterprises from a “buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research note on Wednesday, October 30th. Wolfe Research upgraded Werner Enterprises from an “underperform” rating to a “peer perform” rating in a research note on Friday, October 4th. Finally, UBS Group set a $41.00 price objective on Werner Enterprises and gave the stock a “hold” rating in a research note on Friday, October 25th.
A number of institutional investors have recently added to or reduced their stakes in WERN. Victory Capital Management Inc. raised its stake in Werner Enterprises by 24.1% in the second quarter. Victory Capital Management Inc. now owns 1,864,863 shares of the transportation company’s stock valued at $57,960,000 after buying an additional 361,829 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Werner Enterprises in the second quarter valued at about $9,081,000. Bank of America Corp DE raised its stake in Werner Enterprises by 95.5% in the second quarter. Bank of America Corp DE now owns 316,881 shares of the transportation company’s stock valued at $9,848,000 after buying an additional 154,813 shares during the last quarter. Voya Investment Management LLC raised its stake in Werner Enterprises by 42.4% in the third quarter. Voya Investment Management LLC now owns 455,426 shares of the transportation company’s stock valued at $16,077,000 after buying an additional 135,506 shares during the last quarter. Finally, Man Group plc purchased a new stake in Werner Enterprises in the third quarter valued at about $4,168,000. Institutional investors own 65.19% of the company’s stock.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $618.26 million for the quarter, compared to the consensus estimate of $624.42 million. Werner Enterprises had a return on equity of 15.02% and a net margin of 6.95%. Werner Enterprises’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. On average, sell-side analysts expect that Werner Enterprises will post 2.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Monday, January 6th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, January 3rd. Werner Enterprises’s dividend payout ratio (DPR) is presently 15.13%.
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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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