Revenue Update on Werner Enterprises(NASDAQ:WERN)

Werner Enterprises(NASDAQ:WERN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $498.68M. Analysts estimated a revenue of $499.19M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.23.

In a different note, On Jul 13, 2016, Citigroup said it Maintains its rating on Werner Enterprises. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, Citigroup said it Maintains its rating on Werner Enterprises. In the research note, the firm Lowers the price-target to $25.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 21, 2016, JP Morgan said it Downgrades its rating on Werner Enterprises. In the research note, the firm Lowers the price-target to $30.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 21, 2016, Bank of America said it Downgrades its rating on Werner Enterprises. The shares have been rated ‘Underperform’ by the firm. On Jun 21, 2016, Deutsche Bank said it Downgrades its rating on Werner Enterprises. The shares have been rated ‘Hold’ by the firm. On Jun 7, 2016, BB&T Capital said it Downgrades its rating on Werner Enterprises. The shares have been rated ‘Hold’ by the firm.

Werner Enterprises (WERN) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.41% at a volume of 4,15,758. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.28. The peak price level was also seen at $24.28 while the days lowest was $23.88. Finally the shares closed at $24.02. The 52-week high of the shares is $29.34 while the 52-week low is $20.91. According to the latest information available, the market cap of the company is $1,730 M.

Several Insider Transactions has been reported to the SEC. On Aug 4, 2015, Robert E Jr Synowicki (Exec VP-Driver Resources) sold 3,500 shares at $28.51 per share price.Also, On Feb 20, 2015, Gary L Werner (Chairman) sold 5,007 shares at $31.36 per share price.On Feb 20, 2015, Gregory L Werner (Vice Chairman & CEO) sold 5,053 shares at $31.37 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company also provides logistics services through its Value Added Services (VAS) division. The Company operates through two segments: Truckload Transportation Services (Truckload) and VAS. Truckload segment comprises the One-Way Truckload and Specialized Services units. The Company’s VAS segment is a non-asset-based transportation and logistics provider. The Company has a fleet of approximately 7050 trucks of which approximately 6400 were company-operated and approximately 650 were owned and operated by independent contractors. Its VAS division operates approximately 55 intermodal drayage trucks.

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