Analysts Anticipate Werner Enterprises, Inc. (WERN) Will Post Quarterly Sales of $650.18 Million

Analysts forecast that Werner Enterprises, Inc. (NASDAQ:WERN) will post $650.18 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Werner Enterprises’ earnings, with the highest sales estimate coming in at $669.20 million and the lowest estimate coming in at $643.00 million. Werner Enterprises posted sales of $567.37 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.6%. The company is scheduled to report its next earnings results after the market closes on Wednesday, February 6th.

According to Zacks, analysts expect that Werner Enterprises will report full year sales of $2.46 billion for the current year, with estimates ranging from $2.46 billion to $2.48 billion. For the next year, analysts expect that the company will report sales of $2.64 billion, with estimates ranging from $2.59 billion to $2.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Werner Enterprises.

Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Thursday, October 18th. The transportation company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. Werner Enterprises had a return on equity of 12.34% and a net margin of 10.71%. The firm had revenue of $629.70 million during the quarter, compared to the consensus estimate of $628.71 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 19.1% on a year-over-year basis.



A number of brokerages have recently issued reports on WERN. Zacks Investment Research cut Werner Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, January 6th. UBS Group cut Werner Enterprises from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $42.00 to $36.00 in a research report on Tuesday, December 4th. BidaskClub cut Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, November 30th. Finally, ValuEngine cut Werner Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Werner Enterprises has a consensus rating of “Hold” and an average target price of $41.33.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Werner Enterprises by 5.1% during the 3rd quarter. BlackRock Inc. now owns 5,796,864 shares of the transportation company’s stock valued at $204,920,000 after purchasing an additional 280,522 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Werner Enterprises by 62.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,852,515 shares of the transportation company’s stock worth $171,537,000 after acquiring an additional 1,868,490 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Werner Enterprises by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,130,911 shares of the transportation company’s stock worth $146,027,000 after acquiring an additional 198,519 shares in the last quarter. Vanguard Group Inc raised its position in shares of Werner Enterprises by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 4,130,911 shares of the transportation company’s stock worth $146,027,000 after acquiring an additional 198,519 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Werner Enterprises by 7.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,078,522 shares of the transportation company’s stock worth $38,126,000 after acquiring an additional 78,271 shares in the last quarter. Institutional investors own 72.93% of the company’s stock.

Shares of Werner Enterprises stock remained flat at $$31.30 on Wednesday. The stock had a trading volume of 449,881 shares, compared to its average volume of 600,975. Werner Enterprises has a one year low of $28.67 and a one year high of $43.95. The company has a market cap of $2.25 billion, a PE ratio of 24.65, a P/E/G ratio of 0.84 and a beta of 1.12. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. Werner Enterprises’s payout ratio is 28.35%.

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, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.

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