$0.31 Earnings Per Share Expected for Werner Enterprises, Inc. (NASDAQ:WERN) This Quarter

Wall Street analysts expect Werner Enterprises, Inc. (NASDAQ:WERN) to post earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Werner Enterprises’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.35. Werner Enterprises posted earnings of $0.26 per share in the same quarter last year, which suggests a positive year over year growth rate of 19.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 19th.

According to Zacks, analysts expect that Werner Enterprises will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.03 to $1.28. For the next financial year, analysts expect that the business will report earnings of $1.46 per share, with EPS estimates ranging from $1.39 to $1.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Werner Enterprises.

Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $519.50 million for the quarter, compared to analyst estimates of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS.

WERN has been the topic of several research reports. Vertical Research initiated coverage on shares of Werner Enterprises in a report on Thursday, April 13th. They issued a “sell” rating and a $24.00 price objective on the stock. Zacks Investment Research downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Deutsche Bank AG reiterated a “hold” rating and issued a $25.00 price objective (down from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Finally, TheStreet downgraded shares of Werner Enterprises from a “b” rating to a “c+” rating in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.10.

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In related news, VP Jim S. Schelble sold 7,494 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $29.50, for a total transaction of $221,073.00. Following the completion of the sale, the vice president now owns 55,300 shares of the company’s stock, valued at $1,631,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Derek J. Leathers sold 12,244 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.02, for a total transaction of $367,564.88. Following the sale, the chief executive officer now directly owns 228,780 shares of the company’s stock, valued at approximately $6,867,975.60. The disclosure for this sale can be found here. Corporate insiders own 34.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in Werner Enterprises by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,243 shares of the transportation company’s stock worth $399,000 after buying an additional 200 shares during the period. Alliancebernstein L.P. boosted its position in Werner Enterprises by 3.1% in the first quarter. Alliancebernstein L.P. now owns 2,180,691 shares of the transportation company’s stock worth $57,134,000 after buying an additional 66,406 shares during the period. Louisiana State Employees Retirement System boosted its position in Werner Enterprises by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the transportation company’s stock worth $296,000 after buying an additional 300 shares during the period. US Bancorp DE boosted its position in Werner Enterprises by 15.9% in the first quarter. US Bancorp DE now owns 13,599 shares of the transportation company’s stock worth $356,000 after buying an additional 1,867 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Werner Enterprises by 3.5% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 194,064 shares of the transportation company’s stock worth $5,084,000 after buying an additional 6,493 shares during the period. 66.16% of the stock is owned by hedge funds and other institutional investors.

Werner Enterprises (NASDAQ WERN) traded down 1.35% during mid-day trading on Thursday, reaching $29.25. 682,669 shares of the company’s stock traded hands. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $32.45. The firm has a 50 day moving average of $29.44 and a 200 day moving average of $27.60. The firm has a market cap of $2.11 billion, a PE ratio of 26.35 and a beta of 0.87.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Wednesday, July 5th were given a dividend of $0.07 per share. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.28 annualized dividend and a yield of 0.96%. Werner Enterprises’s dividend payout ratio is currently 25.45%.

About Werner Enterprises

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

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