Werner Enterprises, Inc. (NASDAQ:WERN) Announces Quarterly Dividend of $0.14

Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders of record on Monday, April 14th will be paid a dividend of 0.14 per share by the transportation company on Wednesday, May 7th. This represents a $0.56 annualized dividend and a yield of 1.64%.

Werner Enterprises has increased its dividend payment by an average of 6.8% annually over the last three years. Werner Enterprises has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Werner Enterprises to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 25.2%.

Werner Enterprises Trading Down 2.5 %

NASDAQ WERN opened at $34.16 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. Werner Enterprises has a 52 week low of $33.12 and a 52 week high of $42.48. The business has a 50 day moving average price of $36.13 and a 200-day moving average price of $37.32. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 62.11 and a beta of 0.84.

Werner Enterprises (NASDAQ:WERN) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15). Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. As a group, equities analysts expect that Werner Enterprises will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Wednesday, October 30th. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley decreased their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus raised their price objective on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Werner Enterprises has an average rating of “Hold” and a consensus price target of $37.29.

About Werner Enterprises

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.