Werner Enterprises (NASDAQ:WERN) Announces Quarterly Earnings Results

Werner Enterprises (NASDAQ:WERN) 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 for the quarter, compared to analyst estimates 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 Stock Performance

Shares of WERN traded down $2.12 during trading hours on Tuesday, hitting $38.31. The stock had a trading volume of 2,816,948 shares, compared to its average volume of 1,160,672. The firm has a 50-day moving average price of $42.73 and a 200 day moving average price of $36.36. Werner Enterprises has a fifty-two week low of $23.06 and a fifty-two week high of $47.49. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of -255.40, a PEG ratio of 0.83 and a beta of 1.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.46.

Werner Enterprises Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WERN. Invesco Ltd. increased its holdings in Werner Enterprises by 539.7% in the fourth quarter. Invesco Ltd. now owns 1,670,737 shares of the transportation company’s stock valued at $50,139,000 after buying an additional 1,409,556 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Werner Enterprises by 605.3% during the 4th quarter. Wellington Management Group LLP now owns 2,510,354 shares of the transportation company’s stock worth $75,336,000 after acquiring an additional 2,154,428 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Werner Enterprises by 280.9% during the 4th quarter. Millennium Management LLC now owns 442,427 shares of the transportation company’s stock worth $13,277,000 after acquiring an additional 326,276 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of Werner Enterprises by 572.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,297,054 shares of the transportation company’s stock valued at $38,925,000 after acquiring an additional 1,104,160 shares during the period. Finally, Guggenheim Capital LLC acquired a new stake in shares of Werner Enterprises during the 4th quarter valued at about $427,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Stephens raised shares of Werner Enterprises to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup upped their price target on shares of Werner Enterprises from $37.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Zacks Research raised Werner Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Wall Street Zen upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, TD Cowen boosted their price objective on Werner Enterprises from $36.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.62.

About Werner Enterprises

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.