Dahlman Rose Comments on Werner Enterprises

Dahlman Rose has published a report on Werner Enterprises (NASDAQ: WERN) after 2Q11 estimates.

In the report, Dahlman Rose wrote, "Werner reported 2Q11 EPS of $0.38, vs our and consensus estimate of $0.34. We note that the company benefited from larger-than-expected gains on sales of equipment of $5.6 MM in 2Q11 compared to $0.5 MM in 2Q10 and $4.8 MM in 1Q11. That said, the company is likely to continue to generate gains in line with the just-reported quarter for the remainder of 2011, and we have modeled for such. Consolidated revenues grew 11% y/y to $516 MM this quarter. Operating income improved by 32% from 2Q10 to $47 MM."

Dahlman Rose rated Werner Enterprises a HOLD. Werner Enterprises closed Wednesday at $24.82.