Werner Enterprises, Inc. (WERN) Posts Earnings Results, Misses Estimates By $0.01 EPS

Werner Enterprises, Inc. (NASDAQ:WERN) posted its quarterly earnings results on Wednesday. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Bloomberg Earnings reports. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The firm had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. During the same period in the previous year, the company posted $0.26 EPS. Werner Enterprises’s quarterly revenue was up 3.9% compared to the same quarter last year.

Werner Enterprises (NASDAQ WERN) traded up 0.56% during midday trading on Thursday, reaching $35.60. The company’s stock had a trading volume of 1,819,209 shares. The firm has a market capitalization of $2.57 billion, a PE ratio of 32.36 and a beta of 0.90. The stock’s 50-day moving average price is $34.98 and its 200 day moving average price is $30.09. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $37.00.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, September 29th. Werner Enterprises’s dividend payout ratio (DPR) is presently 25.45%.

In other news, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jim S. Schelble sold 7,500 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.17, for a total value of $226,275.00. Following the transaction, the vice president now directly owns 55,306 shares of the company’s stock, valued at $1,668,582.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,000 shares of company stock valued at $1,593,570. Insiders own 34.70% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.com-unik.info/2017/10/19/werner-enterprises-inc-wern-posts-earnings-results-misses-estimates-by-0-01-eps.html.

WERN has been the topic of a number of recent research reports. Buckingham Research initiated coverage on Werner Enterprises in a research report on Monday, August 21st. They set a “buy” rating and a $36.00 price target on the stock. Cowen and Company raised their price objective 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. Deutsche Bank AG reaffirmed a “hold” rating and set a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $38.00 price objective on shares of Werner Enterprises in a research report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.00.

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.

Earnings History for Werner Enterprises (NASDAQ:WERN)

What are top analysts saying about Werner Enterprises Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Werner Enterprises Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit