Werner Enterprises Downgraded to “Market Perform” at Wolfe Research (WERN)
Werner Enterprises (NASDAQ:WERN) was downgraded by Wolfe Research from an “outperform” rating to a “market perform” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on WERN. Analysts at Robert W. Baird downgraded shares of Werner Enterprises from an “outperform” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Raymond James cut their price target on shares of Werner Enterprises from $28.00 to $26.00 in a research note to investors on Wednesday, September 18th. They now have an “outperform” rating on the stock. Finally, analysts at Merrill Lynch downgraded shares of Werner Enterprises from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Werner Enterprises has a consensus rating of “Hold” and a consensus price target of $24.56.
Shares of Werner Enterprises (NASDAQ:WERN) traded down 1.27% on Friday, hitting $23.35. 901,099 shares of the company’s stock traded hands. Werner Enterprises has a 1-year low of $20.63 and a 1-year high of $25.44. The stock has a 50-day moving average of $23.4 and a 200-day moving average of $23.87. The company has a market cap of $1.698 billion and a price-to-earnings ratio of 18.48.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Thursday, October 17th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $511.70 million for the quarter, compared to the consensus estimate of $503.82 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts expect that Werner Enterprises will post $1.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 22nd. Stockholders of record on Monday, October 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend is Thursday, October 3rd.
Werner Enterprises, Inc is a transportation and logistics company engaged primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce.
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