Werner Enterprises (NASDAQ:WERN) Announces Quarterly Earnings Results

Werner Enterprises (NASDAQ:WERN) released its quarterly earnings data on Thursday. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15), Zacks reports. Werner Enterprises had a return on equity of 3.58% and a net margin of 1.48%.

Werner Enterprises Stock Performance

NASDAQ:WERN traded down $0.19 during trading hours on Thursday, reaching $34.65. 936,055 shares of the stock were exchanged, compared to its average volume of 716,748. The stock has a market capitalization of $2.14 billion, a P/E ratio of 47.47, a P/E/G ratio of 15.87 and a beta of 0.84. The firm has a 50 day simple moving average of $37.19 and a 200-day simple moving average of $37.57. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. Werner Enterprises has a 52 week low of $33.12 and a 52 week high of $42.48.

Werner Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, January 2nd. Werner Enterprises’s payout ratio is currently 76.71%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WERN shares. Barclays increased their price target on Werner Enterprises from $36.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Stifel Nicolaus increased their target price on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on Werner Enterprises from $37.00 to $34.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI lowered their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Wednesday, October 30th. Finally, TD Cowen boosted their target price on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Werner Enterprises currently has an average rating of “Hold” and a consensus target price of $37.50.

About Werner Enterprises

Werner Enterprises, Inc, together with its subsidiaries, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, and internationally. The company operates through two segments, Truckload Transportation Services and Werner Logistics.