Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Thursday, August 17th, RTT News reports. Stockholders of record on Monday, October 2nd will be paid a dividend of 0.07 per share by the transportation company on Tuesday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.91%.
Werner Enterprises (NASDAQ:WERN) opened at 30.70 on Friday. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 27.91 and a beta of 0.88. Werner Enterprises has a one year low of $21.45 and a one year high of $32.45. The stock has a 50 day moving average price of $29.85 and a 200-day moving average price of $27.89.
Werner Enterprises (NASDAQ:WERN) last posted its earnings results on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The business had revenue of $519.50 million during the quarter, compared to the consensus estimate of $521.63 million. During the same period in the previous year, the business earned $0.25 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post $1.23 earnings per share for the current fiscal year.
WERN has been the subject of several research reports. Deutsche Bank AG reissued a “hold” rating and issued a $25.00 target price (down from $31.00) on shares of Werner Enterprises in a report on Sunday, April 23rd. Zacks Investment Research raised Werner Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. TheStreet downgraded Werner Enterprises from a “b” rating to a “c+” rating in a report on Friday, May 19th. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Finally, UBS AG raised Werner Enterprises from a “sell” rating to a “neutral” rating and boosted their target price for the company from $26.00 to $30.00 in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Werner Enterprises presently has an average rating of “Hold” and a consensus target price of $30.36.
In other Werner Enterprises news, VP Jim S. Schelble sold 7,494 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $29.50, for a total transaction of $221,073.00. Following the transaction, the vice president now owns 55,300 shares in the company, valued at approximately $1,631,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $30.02, for a total value of $367,564.88. Following the transaction, the chief executive officer now owns 228,780 shares in the company, valued at approximately $6,867,975.60. The disclosure for this sale can be found here. Insiders sold a total of 39,994 shares of company stock worth $1,197,593 in the last 90 days. 34.80% of the stock is currently owned by insiders.
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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