Werner Enterprises VP Jim S. Schelble Sells 10,000 Shares (WERN)
Werner Enterprises (NASDAQ:WERN) VP Jim S. Schelble sold 10,000 shares of Werner Enterprises stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $26.74, for a total transaction of $267,400.00. Following the completion of the transaction, the vice president now directly owns 29,685 shares of the company’s stock, valued at approximately $793,777. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Werner Enterprises (NASDAQ:WERN) traded up 0.49% during mid-day trading on Friday, hitting $26.67. The stock had a trading volume of 643,670 shares. Werner Enterprises has a 1-year low of $22.61 and a 1-year high of $27.01. The stock has a 50-day moving average of $26.11 and a 200-day moving average of $25.54. The company has a market cap of $1.926 billion and a price-to-earnings ratio of 23.26.
Werner Enterprises (NASDAQ:WERN) last announced its earnings results 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 22nd. Shareholders of record on Monday, July 7th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, July 2nd.
Separately, 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 equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. Werner Enterprises has an average rating of “Hold” and a consensus price target of $25.48.
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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