Werner Enterprises, Inc. (NASDAQ:WERN) will announce its Q416 earnings results on Monday, January 30th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $510.32 million for the quarter.
Shares of Werner Enterprises, Inc. (NASDAQ:WERN) traded down 0.092% during trading on Friday, hitting $27.025. The stock had a trading volume of 232,812 shares. Werner Enterprises, Inc. has a 52-week low of $21.35 and a 52-week high of $29.05. The firm has a market cap of $1.95 billion, a PE ratio of 20.772 and a beta of 0.72. The stock has a 50 day moving average of $27.35 and a 200 day moving average of $25.07.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.24 annualized dividend and a yield of 0.89%. Werner Enterprises’s dividend payout ratio (DPR) is presently 18.46%.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Werner Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, November 30th. Seaport Global Securities assumed coverage on shares of Werner Enterprises in a report on Friday, December 16th. They issued a “neutral” rating for the company. KeyCorp restated a “hold” rating on shares of Werner Enterprises in a report on Thursday, November 10th. Stifel Nicolaus lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating and raised their price objective for the stock from $22.00 to $24.00 in a report on Thursday, December 15th. Finally, Deutsche Bank AG lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Monday, November 14th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Werner Enterprises has a consensus rating of “Hold” and an average target price of $26.21.
Hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. increased its position in shares of Werner Enterprises by 1,883.6% in the second quarter. Alliancebernstein L.P. now owns 1,627,408 shares of the company’s stock valued at $37,382,000 after buying an additional 1,545,366 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Werner Enterprises during the second quarter valued at approximately $20,376,000. Point72 Asset Management L.P. purchased a new position in shares of Werner Enterprises during the second quarter valued at approximately $14,620,000. UBS Oconnor LLC purchased a new position in shares of Werner Enterprises during the second quarter valued at approximately $5,912,000. Finally, Fairpointe Capital LLC increased its position in shares of Werner Enterprises by 5.8% in the second quarter. Fairpointe Capital LLC now owns 3,398,604 shares of the company’s stock valued at $78,066,000 after buying an additional 187,715 shares during the last quarter. Hedge funds and other institutional investors own 64.76% of the company’s stock.
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. The Company operates through two segments: Truckload Transportation Services (Truckload) and Value Added Services (VAS).