Wall Street analysts expect that Werner Enterprises, Inc. (NASDAQ:WERN) will announce earnings per share (EPS) of $0.59 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Werner Enterprises’ earnings. The lowest EPS estimate is $0.54 and the highest is $0.63. Werner Enterprises reported earnings per share of $0.31 during the same quarter last year, which suggests a positive year-over-year growth rate of 90.3%. The business is expected to report its next quarterly earnings results on Thursday, October 18th.

According to Zacks, analysts expect that Werner Enterprises will report full-year earnings of $2.23 per share for the current year, with EPS estimates ranging from $2.15 to $2.30. For the next fiscal year, analysts forecast that the company will report earnings of $2.52 per share, with EPS estimates ranging from $2.35 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Werner Enterprises.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings data on Monday, July 23rd. The transportation company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.11. Werner Enterprises had a net margin of 10.09% and a return on equity of 10.71%. The company had revenue of $619.13 million during the quarter, compared to analyst estimates of $599.20 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 19.2% on a year-over-year basis.

WERN has been the subject of several research reports. Credit Suisse Group raised their price objective on shares of Werner Enterprises from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. BidaskClub upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday, May 30th. Morgan Stanley raised their price objective on shares of Werner Enterprises from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research restated a “buy” rating and set a $45.00 price objective on shares of Werner Enterprises in a research report on Saturday, June 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.93.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Werner Enterprises by 2.8% during the second quarter. BlackRock Inc. now owns 5,516,342 shares of the transportation company’s stock valued at $207,139,000 after buying an additional 148,723 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Werner Enterprises by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 2,984,025 shares of the transportation company’s stock valued at $112,051,000 after buying an additional 110,615 shares in the last quarter. Northern Trust Corp lifted its stake in Werner Enterprises by 12.5% during the second quarter. Northern Trust Corp now owns 799,941 shares of the transportation company’s stock valued at $30,038,000 after buying an additional 88,619 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Werner Enterprises by 3,308.7% during the first quarter. OppenheimerFunds Inc. now owns 586,978 shares of the transportation company’s stock valued at $21,424,000 after buying an additional 569,758 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new stake in Werner Enterprises during the second quarter valued at about $21,903,000. 68.39% of the stock is owned by institutional investors.

Shares of NASDAQ:WERN traded up $0.20 during trading hours on Wednesday, hitting $35.35. 574,400 shares of the company’s stock traded hands, compared to its average volume of 991,572. Werner Enterprises has a 52 week low of $33.20 and a 52 week high of $43.95. The company has a current ratio of 1.81, a quick ratio of 1.76 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.00.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Shareholders of record on Monday, October 1st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, September 28th. Werner Enterprises’s dividend payout ratio is presently 28.35%.

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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