Werner Enterprises (NASDAQ:WERN) Issues Quarterly Earnings Results

Werner Enterprises (NASDAQ:WERN) announced its quarterly earnings results on Tuesday. The transportation company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03), Briefing.com reports. Werner Enterprises had a net margin of 1.99% and a return on equity of 4.65%. The company had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. During the same quarter last year, the business earned $0.52 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis.

Werner Enterprises Stock Performance

Werner Enterprises stock opened at $39.19 on Thursday. The stock has a 50-day simple moving average of $36.58 and a 200 day simple moving average of $37.79. The company has a quick ratio of 1.85, a current ratio of 1.90 and a debt-to-equity ratio of 0.39. Werner Enterprises has a 12-month low of $33.12 and a 12-month high of $47.17. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 3.90 and a beta of 0.80.

Werner Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Monday, July 1st were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.43%. Werner Enterprises’s dividend payout ratio is 42.75%.

Wall Street Analyst Weigh In

Several brokerages have commented on WERN. Bank of America lowered their price target on Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company began coverage on Werner Enterprises in a report on Friday, June 7th. They set an “underweight” rating and a $38.00 price target on the stock. Stifel Nicolaus lowered their price target on Werner Enterprises from $42.00 to $39.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Robert W. Baird lowered their price target on Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on Werner Enterprises from $32.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.38.

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.