1 week Ago By ABMN Staff
Werner Enterprises, Inc. ( NASDAQ:WERN – Get Free Report ) has been given a consensus rating of “Reduce” by the twelve ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company.
The average 12-month price objective among analysts that have covered the stock in the last year is $37.75. Several analysts recently issued reports on the stock.
Morgan Stanley cut their price target on shares of Werner Enterprises from $57.00 to $56.00 and set an “overweight” rating on the stock in a report on Monday, July 8th.
UBS Group cut shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a report on Tuesday, July 9th.
Stifel Nicolaus cut their price target on shares of Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, August 1st.
Wells Fargo & Company assumed coverage on shares of Werner Enterprises in a report on Friday, June 7th. They issued an “underweight” rating and a $38.00 price target on the stock.
Finally, Susquehanna cut their price target on shares of Werner Enterprises from $27.00 to $26.00 and set a “negative” rating on the stock in a report on Wednesday, July 31st.
Read Our Latest Report on WERN Werner Enterprises Trading Down 0.9 % Werner Enterprises ( NASDAQ:WERN – Get Free Report ) last posted its earnings results on Tuesday, July 30th. The transportation company reported $0.
17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03).
Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%.
The firm had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million.
During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was down 6.
2% on a year-over-year basis. Equities research analysts predict that Werner Enterprises will post 1 EPS for the current fiscal year. Werner Enterprises Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd.
Stockholders of record on Monday, October 7th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, October 7th.
This represents a $0.56 annualized dividend and a dividend yield of 1.56%.
Werner Enterprises’s dividend payout ratio is currently 42.75%. Hedge Funds Weigh In On Werner Enterprises Several institutional investors have recently modified their holdings of WERN.
Massmutual Trust Co. FSB ADV grew its position in shares of Werner Enterprises by 390.1% during the second quarter.
Massmutual Trust Co. FSB ADV now owns 740 shares of the transportation company’s stock worth $27,000 after acquiring an additional 589 shares during the last quarter. 1620 Investment Advisors Inc.
bought a new position in shares of Werner Enterprises during the second quarter worth about $29,000. Canada Pension Plan Investment Board bought a new position in shares of Werner Enterprises during the second quarter worth about $29,000. Quest Partners LLC bought a new position in shares of Werner Enterprises during the second quarter worth about $30,000.
Finally, EntryPoint Capital LLC bought a new position in shares of Werner Enterprises during the first quarter worth about $43,000. Institutional investors own 89.32% of the company’s stock.
Werner Enterprises Company Profile ( Get Free Report Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics. Further Reading Receive News & Ratings for Werner Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises and related companies with MarketBeat.
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