Werner Enterprises (NASDAQ:WERN) Releases Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Werner Enterprises (NASDAQ:WERN) posted its earnings results on Tuesday. The transportation company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14), Briefing.com reports. The business had revenue of $769.08 million during the quarter, compared to analysts’ expectations of $788.30 million. Werner Enterprises had a return on equity of 8.17% and a net margin of 3.42%. Werner Enterprises’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS.

Werner Enterprises Trading Down 0.6 %

Shares of NASDAQ WERN traded down $0.19 during mid-day trading on Wednesday, hitting $34.01. The stock had a trading volume of 119,507 shares, compared to its average volume of 601,374. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.87 and a current ratio of 1.92. Werner Enterprises has a 1 year low of $33.12 and a 1 year high of $47.27. The business has a 50 day moving average price of $37.93 and a two-hundred day moving average price of $39.16. The firm has a market cap of $2.16 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78.

Werner Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Friday, April 12th. Werner Enterprises’s payout ratio is 31.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WERN shares. Stifel Nicolaus reduced their target price on shares of Werner Enterprises from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. TD Cowen cut their price objective on shares of Werner Enterprises from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays lowered shares of Werner Enterprises from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $45.00 to $40.00 in a research report on Monday, April 1st. Bank of America cut their price objective on shares of Werner Enterprises from $35.00 to $34.00 and set an “underperform” rating for the company in a research report on Monday, April 15th. Finally, Robert W. Baird cut their price objective on shares of Werner Enterprises from $46.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.46.

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.