Werner Enterprises, Inc. (WERN) Declares Quarterly Dividend of $0.07
Werner Enterprises, Inc. (NASDAQ:WERN) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Tuesday, January 2nd will be given a dividend of 0.07 per share by the transportation company on Tuesday, January 16th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, December 29th.
Shares of Werner Enterprises (NASDAQ:WERN) opened at $34.10 on Friday. The firm has a market capitalization of $2,434.14, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. Werner Enterprises has a 52-week low of $24.20 and a 52-week high of $37.20. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.78 and a quick ratio of 1.73.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The company had revenue of $528.64 million during the quarter, compared to the consensus estimate of $532.48 million. Werner Enterprises had a net margin of 4.04% and a return on equity of 8.18%. Werner Enterprises’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. equities analysts predict that Werner Enterprises will post 1.23 EPS for the current fiscal year.
WERN has been the topic of several research reports. Bank of America Corporation raised Werner Enterprises from an “underperform” rating to a “neutral” rating and upped their price target for the company from $30.00 to $32.00 in a report on Tuesday, July 25th. Cowen and Company boosted their target price on shares of Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and set a $29.00 target price (up from $26.00) on shares of Werner Enterprises in a research note on Tuesday, July 25th. Morgan Stanley restated an “overweight” rating and set a $32.00 price target (up from $30.00) on shares of Werner Enterprises in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Werner Enterprises from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Friday, July 28th. 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 assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.73.
In other Werner Enterprises news, CEO Derek J. Leathers sold 17,500 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 211,280 shares in the company, valued at $7,449,732.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 34.70% of the company’s stock.
Werner Enterprises Company Profile
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.
Receive News & Stock Ratings for Werner Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Werner Enterprises Inc. and related stocks with our FREE daily email newsletter.