Werner Enterprises, Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:WERN)

Key Points

• Werner Enterprises declared a quarterly dividend of $0.14 per share, payable October 21 to shareholders of record on October 5. The dividend implies an annualized payout of $0.56 and a 1.5% yield.
• The dividend appears supported by earnings, with a current payout ratio of 42.4%; analysts expect next year’s earnings to cover the dividend at an estimated 25.8% payout ratio. The company has raised its dividend for four consecutive years.
• Werner’s latest quarterly results fell short of expectations, with EPS of $0.22 versus the $0.24 consensus and revenue of $813.36 million versus $931.12 million expected, despite 24% year-over-year revenue growth.

Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Monday, October 5th will be given a dividend of 0.14 per share by the transportation company on Wednesday, October 21st. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, October 5th.

Werner Enterprises has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Werner Enterprises has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Werner Enterprises to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 25.8%.

Werner Enterprises Stock Performance

NASDAQ WERN traded up $1.07 on Wednesday, hitting $37.50. 105,463 shares of the stock traded hands, compared to its average volume of 1,168,701. 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 business's fifty day moving average is $41.98 and its two-hundred day moving average is $36.68. Werner Enterprises has a 12 month low of $23.06 and a 12 month high of $47.49. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -49.34, a PEG ratio of 0.65 and a beta of 1.27.

Werner Enterprises (NASDAQ:WERN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). Werner Enterprises had a negative net margin of 1.42% and a positive return on equity of 1.18%. The firm had revenue of $813.36 million for the quarter, compared to analysts' expectations of $931.12 million. During the same period in the prior year, the company earned $0.11 EPS. The firm's quarterly revenue was up 24.0% on a year-over-year basis. As a group, equities analysts anticipate that Werner Enterprises will post 1.13 EPS for the current fiscal year.

Werner Enterprises Company Profile

Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America's largest carriers, offering an array of services to support diverse supply chains.

Werner's core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.

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