Werner Enterprises, Inc. (WERN) Plans Quarterly Dividend of $0.07
Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Thursday, August 17th, RTT News reports. Investors of record on Monday, October 2nd will be given a dividend of 0.07 per share by the transportation company on Tuesday, October 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.90%.
Werner Enterprises (NASDAQ WERN) traded down 0.81% during midday trading on Thursday, hitting $30.70. The stock had a trading volume of 641,704 shares. The stock has a 50 day moving average of $29.82 and a 200 day moving average of $27.87. Werner Enterprises has a 12 month low of $21.45 and a 12 month high of $32.45. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 27.91 and a beta of 0.88.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business had revenue of $519.50 million during the quarter, compared to analysts’ expectations of $521.63 million. During the same period in the previous year, the company earned $0.25 earnings per share. Werner Enterprises’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Werner Enterprises will post $1.23 EPS for the current fiscal year.
In other news, CEO Derek J. Leathers sold 12,756 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $30.00, for a total transaction of $382,680.00. Following the completion of the sale, the chief executive officer now owns 241,536 shares in the company, valued at $7,246,080. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jim S. Schelble sold 7,494 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $29.50, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,994 shares of company stock worth $1,197,593. 34.80% of the stock is owned by insiders.
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Several equities research analysts have issued reports on the stock. Stephens raised shares of Werner Enterprises from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $30.00 to $36.00 in a report on Monday. BidaskClub upgraded shares of Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Werner Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. TheStreet upgraded shares of Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. Finally, Deutsche Bank AG restated a “hold” rating and set a $32.00 target price (up from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.36.
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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