Werner Enterprises, Inc. (NASDAQ:WERN) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Werner Enterprises, Inc. (NASDAQ:WERN) released its quarterly earnings results on Monday. The transportation company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05, Bloomberg Earnings reports. Werner Enterprises had a return on equity of 7.61% and a net margin of 3.70%. The company had revenue of $519.50 million for the quarter, compared to analyst estimates of $521.63 million. During the same period in the previous year, the company posted $0.25 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis.
Werner Enterprises (WERN) traded down 1.18% during midday trading on Monday, reaching $29.20. The company’s stock had a trading volume of 755,769 shares. Werner Enterprises has a 12-month low of $21.45 and a 12-month high of $30.80. The company has a market cap of $2.11 billion, a P/E ratio of 28.35 and a beta of 0.87. The firm has a 50 day moving average price of $29.08 and a 200-day moving average price of $27.45.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Wednesday, July 5th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.96%. This is an increase from Werner Enterprises’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, June 30th. Werner Enterprises’s payout ratio is 27.18%.
Several equities research analysts recently weighed in on WERN shares. Zacks Investment Research upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. TheStreet upgraded Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. UBS AG upgraded Werner Enterprises from a “sell” rating to a “neutral” rating and lifted their price target for the company from $26.00 to $30.00 in a research report on Monday, July 10th. Finally, Vertical Research started coverage on Werner Enterprises in a research report on Thursday, April 13th. They set a “sell” rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.44.
In other Werner Enterprises news, VP Jim S. Schelble sold 7,494 shares of the stock in a transaction 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 sale, the vice president now owns 55,300 shares of the company’s stock, valued at approximately $1,631,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.80% of the stock is currently owned by company insiders.
Werner Enterprises Company Profile
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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