Werner Enterprises (NASDAQ:WERN) Releases Quarterly Earnings Results, Misses Expectations By $0.24 EPS

Werner Enterprises (NASDAQ:WERN - Get Free Report) released its earnings results on Tuesday. The transportation company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.24), Zacks reports. Werner Enterprises had a net margin of 1.13% and a return on equity of 2.27%. The business had revenue of $712.11 million during the quarter, compared to the consensus estimate of $738.41 million. During the same period last year, the business posted $0.14 EPS. The firm's revenue for the quarter was down 7.4% on a year-over-year basis.

Werner Enterprises Stock Performance

Shares of WERN traded up $1.16 during midday trading on Friday, reaching $26.06. 1,722,799 shares of the stock were exchanged, compared to its average volume of 818,861. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. The stock's 50 day simple moving average is $29.18 and its 200 day simple moving average is $34.51. Werner Enterprises has a twelve month low of $23.02 and a twelve month high of $42.48. The company has a market cap of $1.61 billion, a P/E ratio of 47.38 and a beta of 1.06.

Werner Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Monday, April 14th. Werner Enterprises's payout ratio is 193.10%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group dropped their target price on Werner Enterprises from $36.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on Werner Enterprises from $27.00 to $24.00 and set an "underweight" rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Werner Enterprises in a report on Friday, March 7th. They set a "hold" rating and a $33.00 target price on the stock. Susquehanna cut their price target on shares of Werner Enterprises from $32.00 to $23.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Evercore ISI lowered shares of Werner Enterprises from an "in-line" rating to an "underperform" rating and lowered their price objective for the stock from $27.00 to $21.00 in a research note on Wednesday. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Werner Enterprises currently has an average rating of "Hold" and an average target price of $29.92.

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.