Werner Enterprises, Inc. (NASDAQ:WERN) released its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05, Bloomberg Earnings reports. The company had revenue of $519.50 million during the quarter, compared to analysts’ expectations of $521.63 million. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. Werner Enterprises’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS.
Shares of Werner Enterprises (NASDAQ WERN) opened at 30.80 on Friday. The firm has a market capitalization of $2.23 billion, a PE ratio of 28.00 and a beta of 0.88. The stock has a 50 day moving average price of $29.88 and a 200 day moving average price of $27.91. Werner Enterprises has a 52 week low of $21.45 and a 52 week high of $32.45.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.91%. Werner Enterprises’s dividend payout ratio is currently 25.45%.
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A number of equities analysts have commented on WERN shares. Zacks Investment Research cut Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Deutsche Bank AG reissued a “hold” rating and set a $25.00 target price (down previously from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Morgan Stanley restated an “overweight” rating and issued a $32.00 price target (up from $30.00) on shares of Werner Enterprises in a research report on Tuesday, July 25th. Finally, Cowen and Company upped 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, July 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Werner Enterprises currently has an average rating of “Hold” and a consensus price target of $30.36.
In related news, CEO Derek J. Leathers sold 12,756 shares of Werner Enterprises stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $30.00, for a total transaction of $382,680.00. Following the completion of the transaction, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at approximately $7,246,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jim S. Schelble sold 7,494 shares of Werner Enterprises 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 transaction, the vice president now directly owns 55,300 shares of the company’s stock, valued at $1,631,350. The disclosure for this sale can be found here. Insiders have sold a total of 39,994 shares of company stock valued at $1,197,593 over the last ninety days. 34.80% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Werner Enterprises by 7.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,708 shares of the transportation company’s stock worth $197,000 after buying an additional 451 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Werner Enterprises by 1.9% in the second quarter. Ameritas Investment Partners Inc. now owns 17,816 shares of the transportation company’s stock worth $523,000 after buying an additional 328 shares in the last quarter. Rowland & Co. Investment Counsel ADV increased its position in shares of Werner Enterprises by 5.9% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 119,384 shares of the transportation company’s stock worth $3,504,000 after buying an additional 6,600 shares in the last quarter. Fairpointe Capital LLC increased its position in shares of Werner Enterprises by 1.3% in the second quarter. Fairpointe Capital LLC now owns 3,220,554 shares of the transportation company’s stock worth $94,523,000 after buying an additional 42,343 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Werner Enterprises by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 101,423 shares of the transportation company’s stock worth $2,977,000 after buying an additional 3,237 shares in the last quarter. 64.34% of the stock is owned by institutional investors.
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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