Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Werner Enterprises (WERN) Share Price
News coverage about Werner Enterprises (NASDAQ:WERN) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Werner Enterprises earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 46.608935677122 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern’s rankings:
- Deutsche Bank AG Reiterates “Hold” Rating for Werner Enterprises, Inc. (WERN) (americanbankingnews.com)
- ETFs with exposure to Werner Enterprises, Inc. : August 7, 2017 (finance.yahoo.com)
- The (DIS) Position; Werner Enterprises Has 1.1 Sentiment (footballhebdo.com)
- Werner Enterprises, Inc. :WERN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017 (finance.yahoo.com)
Shares of Werner Enterprises (NASDAQ WERN) traded up 1.50% during midday trading on Friday, reaching $30.45. The company had a trading volume of 649,209 shares. Werner Enterprises has a 12 month low of $21.45 and a 12 month high of $32.45. The firm’s 50 day moving average price is $29.65 and its 200-day moving average price is $27.78. The company has a market capitalization of $2.20 billion, a P/E ratio of 27.68 and a beta of 0.88.
Werner Enterprises (NASDAQ:WERN) last released its quarterly earnings results on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business had revenue of $519.50 million for the quarter, compared to analysts’ expectations of $521.63 million. During the same period in the prior year, the firm earned $0.25 earnings per share. Werner Enterprises’s revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Werner Enterprises will post $1.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Stockholders of record on Wednesday, July 5th were paid a dividend of $0.07 per share. This is a boost from Werner Enterprises’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, June 30th. Werner Enterprises’s dividend payout ratio is 25.45%.
WERN has been the subject of a number of research reports. Zacks Investment Research upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Bank of America Corporation upgraded Werner Enterprises from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $32.00 in a research note on Tuesday, July 25th. TheStreet upgraded Werner Enterprises from a “c+” rating to a “b” rating in a research note on Monday, June 19th. Cowen and Company lifted their target price on Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday, July 25th. Finally, BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Werner Enterprises presently has an average rating of “Hold” and an average price target of $29.80.
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In related news, CEO Derek J. Leathers sold 12,756 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $30.00, for a total value of $382,680.00. Following the transaction, the chief executive officer now directly owns 241,536 shares in the company, valued at $7,246,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Derek J. Leathers sold 12,244 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the completion of the transaction, the chief executive officer now owns 228,780 shares in the company, valued at $6,867,975.60. The disclosure for this sale can be found here. Insiders sold 39,994 shares of company stock worth $1,197,593 over the last 90 days. 34.80% of the stock is currently owned by company insiders.
Werner Enterprises Company Profile
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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