Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Monday, March 19th, RTT News reports. Stockholders of record on Monday, April 16th will be given a dividend of 0.07 per share by the transportation company on Tuesday, May 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.71%.
Werner Enterprises stock traded up $0.40 during trading hours on Monday, hitting $39.50. 164,557 shares of the stock were exchanged, compared to its average volume of 904,965. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.67 and a current ratio of 1.72. Werner Enterprises has a fifty-two week low of $24.20 and a fifty-two week high of $43.95. The firm has a market cap of $2,832.89, a PE ratio of 30.79, a PEG ratio of 1.37 and a beta of 0.98.
Werner Enterprises (NASDAQ:WERN) last posted its quarterly earnings results on Monday, January 29th. The transportation company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. Werner Enterprises had a net margin of 9.59% and a return on equity of 8.64%. The business had revenue of $567.37 million for the quarter, compared to analysts’ expectations of $554.58 million. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. analysts forecast that Werner Enterprises will post 1.98 EPS for the current year.
Several equities research analysts recently commented on WERN shares. Zacks Investment Research reiterated a “hold” rating and issued a $44.00 price objective on shares of Werner Enterprises in a research report on Saturday, January 13th. UBS upgraded shares of Werner Enterprises from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $47.00 in a research report on Friday, January 5th. Wells Fargo boosted their price objective on shares of Werner Enterprises from $35.00 to $43.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. Robert W. Baird boosted their price objective on shares of Werner Enterprises from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Finally, BidaskClub lowered shares of Werner Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.07.
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About Werner Enterprises
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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