Analysts expect Werner Enterprises, Inc. (NASDAQ:WERN) to post sales of $625.13 million for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Werner Enterprises’ earnings, with estimates ranging from $610.36 million to $637.30 million. Werner Enterprises posted sales of $528.64 million in the same quarter last year, which suggests a positive year over year growth rate of 18.3%. The business is expected to issue its next earnings results after the market closes on Thursday, October 18th.

On average, analysts expect that Werner Enterprises will report full-year sales of $2.46 billion for the current year, with estimates ranging from $2.42 billion to $2.50 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.66 billion, with estimates ranging from $2.54 billion to $2.75 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Werner Enterprises.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings results on Monday, July 23rd. The transportation company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. Werner Enterprises had a net margin of 10.09% and a return on equity of 10.71%. The company had revenue of $619.13 million during the quarter, compared to the consensus estimate of $599.20 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 19.2% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Wolfe Research downgraded shares of Werner Enterprises from a “market perform” rating to a “sell” rating in a research note on Friday, October 5th. Loop Capital assumed coverage on shares of Werner Enterprises in a research note on Monday, October 1st. They issued a “buy” rating and a $42.00 price target for the company. BidaskClub downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Finally, Credit Suisse Group lifted their price target on shares of Werner Enterprises from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.60.

Werner Enterprises stock traded down $0.23 during trading on Monday, reaching $32.22. The stock had a trading volume of 1,185,781 shares, compared to its average volume of 982,065. Werner Enterprises has a 52-week low of $32.04 and a 52-week high of $43.95. The company has a quick ratio of 1.76, a current ratio of 1.81 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.53 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.09 and a beta of 1.01.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Monday, October 1st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.12%. Werner Enterprises’s dividend payout ratio is presently 28.35%.

Large investors have recently modified their holdings of the company. First Trust Advisors LP lifted its position in shares of Werner Enterprises by 139.9% during the 2nd quarter. First Trust Advisors LP now owns 110,445 shares of the transportation company’s stock worth $4,147,000 after buying an additional 64,409 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Werner Enterprises by 4.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 433,711 shares of the transportation company’s stock worth $16,286,000 after buying an additional 18,098 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its position in shares of Werner Enterprises by 165.0% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 463,030 shares of the transportation company’s stock worth $17,387,000 after buying an additional 288,314 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Werner Enterprises by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 327,643 shares of the transportation company’s stock worth $12,303,000 after buying an additional 15,095 shares during the last quarter. Finally, Green Square Capital LLC purchased a new stake in shares of Werner Enterprises during the 2nd quarter worth approximately $304,000. Institutional investors and hedge funds own 68.40% of the company’s stock.

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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Earnings History and Estimates for Werner Enterprises (NASDAQ:WERN)

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