Werner Enterprises Inc. Announces Quarterly Dividend of $0.05 (WERN)
Werner Enterprises (NASDAQ:WERN) announced a quarterly dividend on Monday, June 9th, AmericanBankingNews.com reports. Investors of record on Monday, July 7th will be paid a dividend of 0.05 per share on Tuesday, July 22nd. This represents a $0.20 annualized dividend and a dividend yield of 0.74%.
On a related note, analysts at Robert W. Baird raised their price target on shares of Werner Enterprises from $27.00 to $28.00 in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. Werner Enterprises currently has a consensus rating of “Hold” and a consensus price target of $25.48.
Shares of Werner Enterprises (NASDAQ:WERN) traded up 0.60% on Monday, hitting $26.87. The stock had a trading volume of 323,674 shares. Werner Enterprises has a 52-week low of $22.61 and a 52-week high of $26.87. The stock has a 50-day moving average of $25. and a 200-day moving average of $25.33. The company has a market cap of $1.940 billion and a price-to-earnings ratio of 23.41.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The company had revenue of $492.02 million for the quarter, compared to the consensus estimate of $500.27 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Werner Enterprises will post $1.28 earnings per share for the current fiscal year.
In other Werner Enterprises news, VP Robert E. Synowicki, Jr. unloaded 5,000 shares of the company’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $26.40, for a total value of $132,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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