Q2 2023 EPS Estimates for Werner Enterprises, Inc. Lowered by Zacks Research (NASDAQ:WERN)

Posted by on Aug 5th, 2023

Werner Enterprises, Inc. (NASDAQ:WERN – Free Report) – Investment analysts at Zacks Research dropped their Q2 2023 earnings estimates for Werner Enterprises in a research note issued to investors on Wednesday, August 2nd. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $0.63 per share for the quarter, down from their prior forecast of $0.74. The consensus estimate for Werner Enterprises’ current full-year earnings is $2.65 per share. Zacks Research also issued estimates for Werner Enterprises’ Q4 2023 earnings at $0.76 EPS, FY2023 earnings at $2.63 EPS, Q1 2024 earnings at $0.76 EPS, Q2 2024 earnings at $0.74 EPS, Q4 2024 earnings at $0.79 EPS, FY2024 earnings at $2.99 EPS, Q1 2025 earnings at $1.01 EPS and Q2 2025 earnings at $0.87 EPS.

Werner Enterprises (NASDAQ:WERN – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11). Werner Enterprises had a return on equity of 15.20% and a net margin of 6.63%. The company had revenue of $811.10 million for the quarter, compared to the consensus estimate of $819.28 million. During the same period last year, the firm earned $0.87 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year.

WERN has been the subject of a number of other research reports. Susquehanna boosted their target price on shares of Werner Enterprises from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley reduced their target price on shares of Werner Enterprises from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday. Credit Suisse Group cut shares of Werner Enterprises from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $52.00 to $48.00 in a research report on Wednesday, May 17th. UBS Group reduced their target price on shares of Werner Enterprises from $57.00 to $54.00 in a research report on Thursday, May 4th. Finally, StockNews.com began coverage on Werner Enterprises in a research note on Thursday, May 18th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Werner Enterprises currently has an average rating of “Hold” and a consensus price target of $49.06.

Werner Enterprises Trading Down 2.0 %

Shares of Werner Enterprises stock opened at $45.71 on Friday. The firm has a 50-day moving average of $44.52 and a 200-day moving average of $45.28. The stock has a market cap of $2.90 billion, a PE ratio of 13.17, a PEG ratio of 5.89 and a beta of 0.81. Werner Enterprises has a 52-week low of $35.84 and a 52-week high of $50.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.29 and a current ratio of 2.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WERN. Macquarie Group Ltd. increased its stake in shares of Werner Enterprises by 23.1% in the second quarter. Macquarie Group Ltd. now owns 4,334,690 shares of the transportation company’s stock valued at $167,059,000 after buying an additional 812,355 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Werner Enterprises by 220.6% in the first quarter. Schonfeld Strategic Advisors LLC now owns 846,704 shares of the transportation company’s stock valued at $38,517,000 after acquiring an additional 582,604 shares during the last quarter. Norges Bank bought a new stake in Werner Enterprises in the fourth quarter valued at approximately $19,974,000. Renaissance Technologies LLC boosted its holdings in Werner Enterprises by 2,103.2% in the first quarter. Renaissance Technologies LLC now owns 400,163 shares of the transportation company’s stock valued at $16,407,000 after acquiring an additional 382,000 shares during the last quarter. Finally, FMR LLC boosted its holdings in Werner Enterprises by 649.9% in the first quarter. FMR LLC now owns 382,044 shares of the transportation company’s stock valued at $17,379,000 after acquiring an additional 331,100 shares during the last quarter. Institutional investors and hedge funds own 86.31% of the company’s stock.

Werner Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 19th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.14 per share. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, June 30th. This represents a $0.56 annualized dividend and a yield of 1.23%. Werner Enterprises’s payout ratio is presently 16.14%.

About Werner Enterprises

(Get Free Report)

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, and internationally. It operates through Truckload Transportation Services and Werner Logistics segments.

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

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