Werner Enterprises (NASDAQ:WERN) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Werner Enterprises (NASDAQ:WERNGet Free Report) announced its quarterly earnings data on Tuesday. The transportation company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02), FiscalAI reports. The business had revenue of $813.36 million during the quarter, compared to analysts’ expectations of $931.12 million. Werner Enterprises had a negative net margin of 0.28% and a positive return on equity of 0.66%.

Werner Enterprises Price Performance

Shares of NASDAQ WERN traded down $2.12 during midday trading on Tuesday, reaching $38.31. 2,816,716 shares of the stock traded hands, compared to its average volume of 1,153,417. The company’s 50 day moving average is $42.73 and its 200 day moving average is $36.36. Werner Enterprises has a one year low of $23.06 and a one year high of $47.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.43. The stock has a market capitalization of $2.30 billion, a PE ratio of -255.40, a P/E/G ratio of 0.83 and a beta of 1.26.

Werner Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, July 6th. Werner Enterprises’s dividend payout ratio is currently -373.33%.

Analyst Upgrades and Downgrades

WERN has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on Werner Enterprises from $39.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Stephens raised shares of Werner Enterprises to a “strong-buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Zacks Research raised shares of Werner Enterprises from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Weiss Ratings upgraded shares of Werner Enterprises from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.62.

Read Our Latest Analysis on Werner Enterprises

Institutional Investors Weigh In On Werner Enterprises

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in shares of Werner Enterprises by 33.8% in the 1st quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company’s stock worth $635,000 after buying an additional 5,473 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Werner Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company’s stock valued at $1,075,000 after buying an additional 1,598 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Werner Enterprises by 0.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company’s stock valued at $3,717,000 after buying an additional 401 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Werner Enterprises by 24.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 76,767 shares of the transportation company’s stock valued at $2,100,000 after acquiring an additional 15,109 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Werner Enterprises by 159.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 226,085 shares of the transportation company’s stock valued at $6,186,000 after acquiring an additional 138,995 shares during the last quarter. Hedge funds and other institutional investors own 89.32% of the company’s stock.

About Werner Enterprises

(Get Free Report)

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.

Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.

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Earnings History for Werner Enterprises (NASDAQ:WERN)

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