Werner Enterprises, Inc. (NASDAQ:WERN) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Werner Enterprises has a consensus “Hold” rating from 16 analysts, with three sells, eight holds, four buys and one strong buy. The average 12-month price target is approximately $41.54.
• The company’s latest quarterly results fell short of expectations, reporting $0.22 in EPS versus a $0.24 estimate and revenue of $813.36 million versus $931.12 million expected, although revenue increased 24% year over year.
• Institutional investors own 89.32% of Werner’s stock, while the company maintains a quarterly dividend of $0.14 per share, equivalent to a 1.5% annualized yield.

Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) has been given an average rating of "Hold" by the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $41.5385.

Several research analysts have recently weighed in on WERN shares. TD Cowen decreased their price target on shares of Werner Enterprises from $43.00 to $41.00 and set a "hold" rating on the stock in a report on Wednesday, July 29th. Citigroup lifted their price objective on Werner Enterprises from $37.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Robert W. Baird upgraded Werner Enterprises from a "neutral" rating to an "outperform" rating and set a $43.00 target price for the company in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on Werner Enterprises from $36.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, July 13th. Finally, Evercore upgraded Werner Enterprises from an "underperform" rating to an "in-line" rating in a research note on Wednesday, July 1st.

Institutional Investors Weigh In On Werner Enterprises

Several institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Werner Enterprises in the second quarter worth $45,000. PNC Financial Services Group Inc. boosted its holdings in shares of Werner Enterprises by 41.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,324 shares of the transportation company's stock valued at $70,000 after buying an additional 679 shares in the last quarter. Covestor Ltd grew its position in shares of Werner Enterprises by 28.3% in the 4th quarter. Covestor Ltd now owns 3,261 shares of the transportation company's stock worth $98,000 after buying an additional 719 shares during the period. KBC Group NV grew its position in shares of Werner Enterprises by 86.9% in the 4th quarter. KBC Group NV now owns 3,614 shares of the transportation company's stock worth $108,000 after buying an additional 1,680 shares during the period. Finally, Bayforest Capital Ltd bought a new position in shares of Werner Enterprises in the 2nd quarter worth about $128,000. Hedge funds and other institutional investors own 89.32% of the company's stock.

Werner Enterprises Stock Performance

NASDAQ:WERN opened at $36.87 on Friday. The company has a market capitalization of $2.21 billion, a P/E ratio of -48.51, a P/E/G ratio of 0.67 and a beta of 1.27. The business has a fifty day simple moving average of $42.31 and a two-hundred day simple moving average of $36.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.45 and a quick ratio of 1.42. Werner Enterprises has a 1 year low of $23.06 and a 1 year high of $47.49.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last posted its earnings results on Tuesday, July 28th. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%.The firm had revenue of $813.36 million during the quarter, compared to analysts' expectations of $931.12 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business's revenue for the quarter was up 24.0% compared to the same quarter last year. On average, analysts expect that Werner Enterprises will post 1.13 earnings per share for the current year.

Werner Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Monday, July 6th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. Werner Enterprises's payout ratio is presently -73.68%.

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.

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