Werner Enterprises, Inc. Declares Quarterly Dividend of $0.07 (WERN)
Werner Enterprises, Inc. (NASDAQ:WERN) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Tuesday, January 2nd will be paid a dividend of 0.07 per share by the transportation company on Tuesday, January 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, December 29th.
Shares of Werner Enterprises (WERN) traded up $0.45 on Thursday, hitting $34.10. 928,984 shares of the stock traded hands, compared to its average volume of 814,949. Werner Enterprises has a 1-year low of $24.20 and a 1-year high of $37.20. The stock has a market capitalization of $2,481.16, a P/E ratio of 29.83, a P/E/G ratio of 1.92 and a beta of 0.96. The company has a current ratio of 1.78, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. The firm had revenue of $528.64 million during the quarter, compared to analysts’ expectations of $532.48 million. During the same period in the prior year, the company posted $0.26 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts forecast that Werner Enterprises will post 1.23 EPS for the current year.
WERN has been the topic of several recent analyst reports. Robert W. Baird reissued a “hold” rating and issued a $38.00 target price on shares of Werner Enterprises in a research note on Friday, October 6th. Morgan Stanley increased their target price on shares of Werner Enterprises from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Wednesday, August 23rd. Cowen and Company cut shares of Werner Enterprises from a “market perform” rating to an “underperform” rating in a report on Monday, October 16th. Finally, Bank of America Corporation upgraded shares of Werner Enterprises from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $30.00 to $32.00 in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.73.
In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $35.26, for a total transaction of $617,050.00. Following the transaction, the chief executive officer now directly owns 211,280 shares in the company, valued at approximately $7,449,732.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 34.70% of the stock is owned by corporate insiders.
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About Werner Enterprises
Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.
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