Werner Enterprises, Inc. (NASDAQ:WERN) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.66 per share from revenue of $ 602.96 million.
Looking ahead, the full year income are expected at $ 2.44 per share on the revenues of $ 2389.00 million.
Previous Quarter Performance
Werner Enterprises, Inc. unveiled income for the second quarter of $ 0.62 per share, from the revenue of $ 568.96 million. The consensus estimates are income of $ 0.39 per share from $ 563.88 million in revenue. The bottom line results beat street analysts by $ 0.23 or 58.97 percent, at the same time, top line results outshined analysts by $ 5.08 million or 0.90 percent.
Stock Performance
Shares of Werner Enterprises, Inc. traded low $ -0.55 or -1.36 percent on Tuesday, reaching $ 39.79 with volume of 850.50 thousand shares. Werner Enterprises, Inc. has traded high as $ 40.71 and has cracked $ 39.61 on the downward trend
According to the previous trading day, closing price of $ 39.79, representing a 39.15 % increase from the 52 week low of $ 28.99 and a 14.95 % decrease over the 52 week high of $ 47.43.
The company has a market capital of $ 2.75 billion and is part of the Industrials sector and Trucking industry.
Recent Analyst recommendations
- On 16th October 2020, upgraded by Barclays to Overweight from Equal-Weight rating
- On 15th October 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
- On 5th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 50.00 target price.
- On 24th September 2020, initiated by Wells Fargo & Co at Equal-Weight rating, with $ 47.00 target price.
Recent Stock Dividend Announcement
On August 17, 2020, the board of directors authorized quarterly dividend of $ 0.09 per share to holders of record as of the close of business on October 5, 2020, with payment date of October 20, 2020 and ex-dividend date on October 2, 2020.
Conference Call
Werner Enterprises, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.werner.com
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, Canada, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics. The Truckload Transportation Services segment operates medium-to-long-haul van fleet, which transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; the expedited fleet that offers time-sensitive truckload services using driver teams; regional short-haul fleet, which provides comparable truckload van service in the United States; and temperature controlled fleet that offers truckload services for temperature sensitive products using temperature-controlled trailers.
