Werner Enterprises (NASDAQ:WERN) Posts Quarterly Earnings Results

Key Points

• Werner Enterprises matched earnings expectations with quarterly EPS of $0.16, but revenue of $825.28 million fell well short of the $956.55 million analyst consensus.
• The company declared a quarterly dividend of $0.14, equivalent to $0.56 annually and a 1.9% yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $38.85, above the reported share price of $29.38.

Werner Enterprises (NASDAQ:WERN - Get Free Report) issued its quarterly earnings data on Tuesday. The transportation company reported $0.16 earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $956.55 million.

Werner Enterprises Stock Performance

NASDAQ 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. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.42 and a current ratio of 1.45. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -38.66 and a beta of 1.29. Werner Enterprises has a twelve month low of $23.06 and a twelve month high of $47.49. The business's fifty day moving average price is $35.22 and its 200-day moving average price is $36.14.

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 paid a $0.14 dividend. The ex-dividend date was Monday, October 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. Werner Enterprises's payout ratio is currently -73.68%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WERN shares. Stephens raised Werner Enterprises to a "strong-buy" rating in a report on Wednesday, July 8th. Zacks Research downgraded Werner Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Wells Fargo & Company dropped their price target on Werner Enterprises from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 20th. Susquehanna raised Werner Enterprises from a "neutral" rating to a "positive" rating and cut their price target for the stock from $48.00 to $44.00 in a research report on Thursday, July 30th. Finally, Citigroup reduced their price objective on Werner Enterprises from $43.00 to $37.00 and set a "neutral" rating for the company in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Werner Enterprises currently has a consensus rating of "Hold" and an average 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.

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