The Brokers Issue Forecasts for Werner Enterprises, Inc.’s FY2018 Earnings (WERN)

The Brokers Issue Forecasts for Werner Enterprises, Inc.’s FY2018 Earnings (WERN)

Werner Enterprises, Inc. (NASDAQ:WERN) – Analysts at KeyCorp lifted their FY2018 earnings per share estimates for Werner Enterprises in a report issued on Wednesday. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $1.50 per share for the year, up from their previous forecast of $1.45.

WERN has been the topic of several other reports. Buckingham Research started coverage on shares of Werner Enterprises in a report on Monday, August 21st. They set a “buy” rating and a $36.00 price objective on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $32.00 price objective (up from $25.00) on shares of Werner Enterprises in a report on Wednesday, August 9th. Cowen and Company increased their price objective on shares of Werner Enterprises from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Tuesday, July 25th. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $32.00 price objective (up from $30.00) on shares of Werner Enterprises in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Werner Enterprises has an average rating of “Hold” and a consensus price target of $33.00.

Shares of Werner Enterprises (NASDAQ WERN) opened at 34.55 on Friday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 31.41 and a beta of 0.90. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $37.00. The stock has a 50 day moving average of $34.74 and a 200-day moving average of $29.84.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Monday, October 2nd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.28 annualized dividend and a yield of 0.77%. Werner Enterprises’s payout ratio is 25.45%.

In related news, CEO Derek J. Leathers sold 12,756 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $30.00, for a total value of $382,680.00. Following the transaction, the chief executive officer now owns 241,536 shares in the company, valued at $7,246,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Derek J. Leathers sold 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total transaction of $617,050.00. Following the completion of the transaction, the chief executive officer now owns 211,280 shares in the company, valued at approximately $7,449,732.80. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $1,593,570 in the last 90 days. 34.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC raised its holdings in Werner Enterprises by 17.2% in the second quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after buying an additional 533 shares during the period. Advantus Capital Management Inc raised its holdings in Werner Enterprises by 3.2% in the first quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after buying an additional 178 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Werner Enterprises by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after buying an additional 163 shares during the period. Royal Bank of Canada raised its holdings in Werner Enterprises by 190.5% in the second quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock valued at $218,000 after buying an additional 4,872 shares during the period. Finally, Capstone Investment Advisors Netherlands B.V. purchased a new position in Werner Enterprises in the second quarter valued at approximately $242,000. Hedge funds and other institutional investors own 64.10% 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. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.

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