Zacks: Brokerages Expect Werner Enterprises, Inc. (NASDAQ:WERN) to Announce $0.86 Earnings Per Share

Analysts expect that Werner Enterprises, Inc. (NASDAQ:WERN) will report earnings of $0.86 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Werner Enterprises’ earnings, with the highest EPS estimate coming in at $0.89 and the lowest estimate coming in at $0.82. Werner Enterprises posted earnings of $0.62 per share in the same quarter last year, which indicates a positive year over year growth rate of 38.7%. The firm is expected to announce its next earnings report after the market closes on Thursday, July 29th.

On average, analysts expect that Werner Enterprises will report full year earnings of $3.46 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.60. For the next year, analysts expect that the company will post earnings of $3.62 per share, with EPS estimates ranging from $3.12 to $3.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Werner Enterprises.

Werner Enterprises (NASDAQ:WERN) last issued its earnings results on Wednesday, April 28th. The transportation company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.05. The business had revenue of $616.45 million during the quarter, compared to analyst estimates of $610.80 million. Werner Enterprises had a return on equity of 16.78% and a net margin of 8.03%. Werner Enterprises’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS.

A number of research analysts have recently issued reports on WERN shares. The Goldman Sachs Group downgraded Werner Enterprises from a “neutral” rating to a “sell” rating and set a $45.00 price target on the stock. in a report on Monday, June 7th. Susquehanna Bancshares lifted their price target on Werner Enterprises from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, April 12th. Stifel Nicolaus started coverage on Werner Enterprises in a report on Monday, June 21st. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on Werner Enterprises from $61.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, June 15th. Finally, Vertical Research initiated coverage on Werner Enterprises in a report on Friday, March 26th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Werner Enterprises has a consensus rating of “Hold” and an average target price of $49.41.

NASDAQ WERN traded up $0.30 on Friday, reaching $44.33. 4,469 shares of the stock traded hands, compared to its average volume of 607,589. Werner Enterprises has a 12 month low of $35.15 and a 12 month high of $49.76. The stock’s fifty day simple moving average is $45.76. The company has a market cap of $3.01 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 0.98 and a beta of 0.80. The company has a current ratio of 1.73, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 20th. Shareholders of record on Tuesday, July 6th were given a $0.12 dividend. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, July 2nd. This represents a $0.48 annualized dividend and a yield of 1.08%. Werner Enterprises’s dividend payout ratio is 18.53%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC bought a new position in Werner Enterprises in the 1st quarter worth about $48,000. International Assets Investment Management LLC grew its position in Werner Enterprises by 4,971.8% in the 1st quarter. International Assets Investment Management LLC now owns 1,978 shares of the transportation company’s stock worth $93,000 after purchasing an additional 1,939 shares during the last quarter. Hills Bank & Trust Co bought a new position in Werner Enterprises in the 1st quarter worth about $118,000. JJJ Advisors Inc. grew its position in Werner Enterprises by 70.3% in the 1st quarter. JJJ Advisors Inc. now owns 3,232 shares of the transportation company’s stock worth $152,000 after purchasing an additional 1,334 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Werner Enterprises by 13.8% in the first quarter. Public Employees Retirement System of Ohio now owns 3,296 shares of the transportation company’s stock valued at $155,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 80.61% of the company’s stock.

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, and internationally. It operates in two segments, Truckload Transportation Services and Werner Logistics.

Further Reading: What is the market perform rating?

Get a free copy of the Zacks research report on Werner Enterprises (WERN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.