Werner Enterprises (NASDAQ:WERN) Issues Earnings Results

Key Points

• Werner Enterprises reported earnings of $0.11 per share, exceeding analysts' expectations by $0.05.
• The company's dividend yield is 2.01%, with a quarterly payout of $0.14 announced recently.
• Investment analysts have mixed ratings on Werner's stock, with a consensus rating of "Hold" and a target price of $30.40.

Werner Enterprises (NASDAQ:WERN - Get Free Report) announced its quarterly earnings data on Tuesday. The transportation company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06, Zacks reports. The business had revenue of $753.15 million for the quarter, compared to analysts' expectations of $736.09 million. Werner Enterprises had a return on equity of 0.92% and a net margin of 1.77%. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share.

Werner Enterprises Stock Performance

NASDAQ:WERN traded down $0.87 during mid-day trading on Friday, reaching $26.85. 1,331,066 shares of the stock were exchanged, compared to its average volume of 911,272. The stock has a market capitalization of $1.66 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.75 and a beta of 1.08. Werner Enterprises has a 1 year low of $23.02 and a 1 year high of $42.48. The company has a 50 day simple moving average of $27.81 and a 200-day simple moving average of $29.78. The company has a quick ratio of 1.62, a current ratio of 1.74 and a debt-to-equity ratio of 0.51.

Werner Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Monday, July 7th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, July 7th. Werner Enterprises's dividend payout ratio (DPR) is currently 65.12%.

Analyst Upgrades and Downgrades

WERN has been the topic of several recent research reports. Barclays cut their price target on Werner Enterprises from $32.00 to $28.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Werner Enterprises from a "strong sell" rating to a "hold" rating in a research note on Saturday. Susquehanna lifted their price target on shares of Werner Enterprises from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of Werner Enterprises from $24.00 to $25.00 and gave the stock an "underweight" rating in a report on Wednesday. Finally, Baird R W upgraded shares of Werner Enterprises to a "strong sell" rating in a report on Tuesday, July 1st. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Werner Enterprises has a consensus rating of "Hold" and a consensus price target of $30.87.

Institutional Investors Weigh In On Werner Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Werner Enterprises by 33.8% in the 1st quarter. Royal Bank of Canada now owns 21,660 shares of the transportation company's stock valued at $635,000 after acquiring an additional 5,473 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Werner Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,697 shares of the transportation company's stock worth $1,075,000 after purchasing an additional 1,598 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Werner Enterprises by 0.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,854 shares of the transportation company's stock valued at $3,717,000 after purchasing an additional 401 shares during the period. Hedge funds and other institutional investors own 89.32% of the company's stock.

Werner Enterprises Company Profile

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.