Werner Enterprises (NASDAQ:WERN) Posts Earnings Results, Meets Estimates

Werner Enterprises (NASDAQ:WERN) issued its quarterly earnings data on Tuesday. The transportation company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16, FiscalAI reports. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%. The business had revenue of $825.28 million for the quarter, compared to the consensus estimate of $956.55 million.

Werner Enterprises Price Performance

Werner Enterprises stock traded up $1.05 on Tuesday, reaching $29.38. The company’s stock had a trading volume of 1,584,387 shares, compared to its average volume of 1,088,351. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -38.66 and a beta of 1.29. The business’s fifty day moving average price is $35.22 and its 200 day moving average price is $36.14. Werner Enterprises has a twelve month low of $23.06 and a twelve month high of $47.49.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Monday, October 5th were given a $0.14 dividend. The ex-dividend date was Monday, October 5th. This represents a $0.56 annualized dividend and a yield of 1.9%. Werner Enterprises’s payout ratio is presently -73.68%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WERN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Werner Enterprises in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Werner Enterprises from $39.00 to $33.00 and set an “underweight” rating for the company in a report on Monday, October 5th. Susquehanna raised Werner Enterprises from a “neutral” rating to a “positive” rating and lowered their price target for the company from $48.00 to $44.00 in a research report on Thursday, July 30th. Bank of America dropped their price objective on Werner Enterprises from $40.00 to $32.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 20th. Finally, Robert W. Baird restated a “neutral” rating and set a $32.00 target price (down from $43.00) on shares of Werner Enterprises in a research note on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.85.

About Werner Enterprises

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by Clarence L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and regional truckload services. Werner also provides logistics services, including freight brokerage, intermodal transportation, cross-border transportation, and supply chain management solutions.