Werner Enterprises (NASDAQ:WERN) Issues Earnings Results

Werner Enterprises (NASDAQ:WERN) announced its earnings results on Tuesday. The transportation company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16, FiscalAI reports. Werner Enterprises had a positive return on equity of 1.18% and a negative net margin of 1.42%. The company had revenue of $825.28 million for the quarter, compared to the consensus estimate of $956.55 million.

Werner Enterprises Stock Performance

WERN traded up $1.05 during trading on Tuesday, reaching $29.38. The company’s stock had a trading volume of 1,583,679 shares, compared to its average volume of 1,087,739. Werner Enterprises has a 52-week low of $23.06 and a 52-week high of $47.49. The company’s fifty day moving average price is $35.22 and its 200-day moving average price is $36.14. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -38.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45.

Werner Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Monday, October 5th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, October 5th. Werner Enterprises’s payout ratio is currently -73.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WERN. TD Cowen dropped their target price on Werner Enterprises from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 price target (down from $43.00) on shares of Werner Enterprises in a report on Tuesday, October 20th. Citigroup lowered their price objective on shares of Werner Enterprises from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Bank of America dropped their price objective on shares of Werner Enterprises from $40.00 to $32.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 20th. Finally, Stephens upgraded shares of Werner Enterprises to a “strong-buy” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.85.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company headquartered in Omaha, Nebraska. Founded in 1956 by Clarence L. Werner, the company provides freight transportation and supply chain services to customers across North America.

The company’s operations include truckload transportation, dedicated transportation, and regional truckload services. Werner also provides logistics services, including freight brokerage, intermodal transportation, cross-border transportation, and supply chain management solutions.