A number of other research analysts also recently weighed in on WERN. Zacks Investment Research downgraded Werner Enterprises from a buy rating to a hold rating in a report on Monday, April 1st. ValuEngine raised Werner Enterprises from a sell rating to a hold rating in a research report on Wednesday, March 27th. Buckingham Research reduced their price objective on Werner Enterprises from $43.00 to $42.00 and set a buy rating for the company in a research report on Tuesday, April 2nd. Finally, Cowen reissued a market perform rating and set a $36.00 price objective (up previously from $35.00) on shares of Werner Enterprises in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $40.54.
Shares of WERN stock opened at $29.49 on Friday. Werner Enterprises has a 1-year low of $27.27 and a 1-year high of $42.80. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.11 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The company’s fifty day simple moving average is $30.61.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Werner Enterprises had a return on equity of 14.56% and a net margin of 7.08%. The business had revenue of $596.10 million for the quarter, compared to the consensus estimate of $620.14 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. Werner Enterprises’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Werner Enterprises will post 2.62 EPS for the current fiscal year.
The company also recently disclosed a None dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were given a dividend of $3.75 per share. The ex-dividend date of this dividend was Thursday, May 23rd. Werner Enterprises’s payout ratio is 15.13%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in Werner Enterprises by 2.5% during the first quarter. First Trust Advisors LP now owns 170,866 shares of the transportation company’s stock valued at $5,835,000 after acquiring an additional 4,132 shares during the period. Group One Trading L.P. bought a new position in Werner Enterprises during the first quarter valued at about $190,000. Citigroup Inc. increased its stake in Werner Enterprises by 220.0% during the first quarter. Citigroup Inc. now owns 51,090 shares of the transportation company’s stock valued at $1,744,000 after acquiring an additional 35,122 shares during the period. AlphaCrest Capital Management LLC increased its stake in Werner Enterprises by 82.8% during the first quarter. AlphaCrest Capital Management LLC now owns 14,075 shares of the transportation company’s stock valued at $481,000 after acquiring an additional 6,375 shares during the period. Finally, Federated Investors Inc. PA increased its stake in Werner Enterprises by 53.7% during the first quarter. Federated Investors Inc. PA now owns 572,948 shares of the transportation company’s stock valued at $19,566,000 after acquiring an additional 200,088 shares during the period. 66.76% of the stock is owned by hedge funds and other institutional investors.
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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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