Werner Enterprises (NASDAQ:WERN) Issues Quarterly Earnings Results

Werner Enterprises (NASDAQ:WERN) posted its quarterly earnings results on Thursday. The transportation company reported $0.08 earnings per share (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 Trading Down 0.5 %

Shares of WERN stock traded down $0.19 during trading hours on Thursday, hitting $34.65. 936,055 shares of the company were exchanged, compared to its average volume of 716,748. The firm has a fifty day moving average of $37.19 and a 200 day moving average of $37.57. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $42.48. The firm has a market cap of $2.14 billion, a PE ratio of 47.47, a PEG ratio of 15.87 and a beta of 0.84.

Werner Enterprises Dividend Announcement

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 dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Thursday, January 2nd. Werner Enterprises’s dividend payout ratio is currently 76.71%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen lifted their price objective on Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group cut their price target on Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Susquehanna raised shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 price objective on the stock in a research note on Friday, January 3rd. Stifel Nicolaus lifted their target price on shares of Werner Enterprises from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.50.

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.