Werner Enterprises (NASDAQ:WERN) Posts Earnings Results

Werner Enterprises (NASDAQ:WERN) released its quarterly earnings results on Thursday. The transportation company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15), Zacks reports. Werner Enterprises had a net margin of 1.48% and a return on equity of 3.58%.

Werner Enterprises Stock Down 0.5 %

Shares of Werner Enterprises stock traded down $0.19 on Thursday, hitting $34.65. The company had a trading volume of 935,402 shares, compared to its average volume of 708,167. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 47.47, a P/E/G ratio of 15.87 and a beta of 0.84. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $42.48. The stock has a 50 day moving average of $37.19 and a 200-day moving average of $37.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.49 and a current ratio of 1.53.

Werner Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, January 2nd. Werner Enterprises’s dividend payout ratio (DPR) is presently 76.71%.

Analyst Ratings Changes

Several brokerages recently commented on WERN. Citigroup began coverage on Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 target price on the stock. Barclays upped their target price on Werner Enterprises from $36.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. TD Cowen upped their target price on Werner Enterprises from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their target price on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.50.

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.