Werner Enterprises Stock Trades Close to 52-Week High on Freight Rebound Hopes
Werner Enterprises traded at $40.92 before Thursday’s open, near its 52-week high, giving the company a market cap of about $2.45 billion. First-quarter revenue rose 14% to $808.6 million, with operating income at $4.0 million after a loss last year. The FirstFleet acquisition added $107.9 million in revenue but increased leverage risks. Werner’s next public appearance is set for June 9 at a Wells Fargo conference.