Werner Enterprises (NASDAQ: WERN) announced its earnings results on Monday. The company reported $0.35 earnings per share for the quarter, meeting the analysts? consensus estimate of $0.35. The company had revenue of $509.70 million for the quarter, compared to the consensus estimate of $509.80 million. During the same quarter last year, the company posted $0.40 earnings per share. Werner Enterprises?s revenue was up .4% compared to the same quarter last year.
A number of analysts have recently weighed in on WERN shares. Analysts at Bank of America upgraded shares of Werner Enterprises from a ?neutral? rating to a ?buy? rating in a research note to investors on Thursday. On the ratings front, analysts at Deutsche Bank downgraded shares of Werner Enterprises from a ?buy? rating to a ?hold? rating in a research note to investors on Monday, January 14th. They now have a $26.00 price target on the stock, down previously from $28.00. Finally, analysts at Barclays Capital raised their price target on shares of Werner Enterprises from $27.00 to $29.00 in a research note to investors on Monday, January 7th. They now have an ?overweight? rating on the stock.
Nine investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, fourteen have issued a hold rating, and one has given a sell rating to the company?s stock. The company currently has an average rating of ?overweight? and an average price target of $25.61.
Werner Enterprises (WERN) traded down 0.16% on Monday, hitting $24.52. Werner Enterprises (WERN) has a 1-year low of $20.63 and a 1-year high of $26.67. The stock?s 50-day moving average is currently $22.17. The company has a market cap of $1.787 billion and a price-to-earnings ratio of 16.94.
Werner Enterprises, Inc. is a transportation and logistics company engaged in hauling truckload shipments of general commodities in both interstate and intrastate commerce.