Werner Enterprises, Inc. (NASDAQ:WERN) posted its earnings results on Monday. The transportation company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05, Bloomberg Earnings reports. Werner Enterprises had a return on equity of 8.04% and a net margin of 3.90%. The business had revenue of $519.50 million for the quarter, compared to analysts’ expectations of $521.63 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year.
Shares of Werner Enterprises (WERN) opened at 31.15 on Wednesday. Werner Enterprises has a one year low of $21.45 and a one year high of $32.45. The firm has a 50-day moving average price of $29.18 and a 200-day moving average price of $27.48. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 30.24 and a beta of 0.88.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Wednesday, July 5th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, June 30th. This is a positive change from Werner Enterprises’s previous quarterly dividend of $0.06. Werner Enterprises’s payout ratio is currently 25.45%.
In related news, VP Jim S. Schelble sold 7,494 shares of the 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 sale, the vice president now owns 55,300 shares in the company, valued at $1,631,350. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 34.80% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in WERN. Personal Capital Advisors Corp purchased a new stake in shares of Werner Enterprises during the second quarter valued at approximately $597,000. US Bancorp DE raised its stake in shares of Werner Enterprises by 4.9% in the second quarter. US Bancorp DE now owns 14,262 shares of the transportation company’s stock valued at $418,000 after buying an additional 663 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Werner Enterprises by 1.7% in the second quarter. State Treasurer State of Michigan now owns 18,475 shares of the transportation company’s stock valued at $542,000 after buying an additional 300 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Werner Enterprises by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the transportation company’s stock valued at $343,000 after buying an additional 400 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after buying an additional 533 shares during the last quarter. Institutional investors own 66.38% of the company’s stock.
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Several equities analysts recently issued reports on the company. Morgan Stanley restated an “overweight” rating and issued a $32.00 price target (up previously from $30.00) on shares of Werner Enterprises in a research report on Tuesday. Stifel Nicolaus restated a “hold” rating and issued a $29.00 price target (up previously from $26.00) on shares of Werner Enterprises in a research report on Tuesday. Cowen and Company boosted their price target on Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Tuesday. Bank of America Corporation upgraded Werner Enterprises from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $30.00 to $32.00 in a research report on Tuesday. Finally, BidaskClub cut Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $28.44.
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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