Werner Enterprises (NASDAQ:WERN) Releases Earnings Results

Werner Enterprises (NASDAQ:WERN) announced its earnings results on Tuesday. The transportation company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07), Briefing.com reports. Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The company had revenue of $745.70 million during the quarter, compared to the consensus estimate of $765.24 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s revenue was down 8.8% on a year-over-year basis.

Werner Enterprises Stock Up 0.3 %

Werner Enterprises stock opened at $38.31 on Wednesday. The stock has a market capitalization of $2.37 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 11.70 and a beta of 0.79. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $43.26. The company has a quick ratio of 1.64, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $37.11 and a 200-day moving average of $36.74.

Werner Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Monday, October 7th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, October 7th. Werner Enterprises’s dividend payout ratio (DPR) is presently 56.57%.

Wall Street Analyst Weigh In

WERN has been the subject of a number of research analyst reports. UBS Group downgraded shares of Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research note on Tuesday, July 9th. StockNews.com downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Stephens dropped their price target on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. TD Cowen boosted their price target on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Evercore ISI dropped their price target on shares of Werner Enterprises from $37.00 to $35.00 and set an “in-line” rating for the company in a research note on Thursday, October 3rd. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.43.

Werner Enterprises Company Profile

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.