Werner Enterprises (NASDAQ:WERN) Announces Quarterly Earnings Results

Werner Enterprises (NASDAQ:WERN - Get Free Report) released its quarterly earnings data on Tuesday. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate 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 company had revenue of $712.11 million for the quarter, compared to the consensus estimate of $738.41 million. During the same period last year, the company earned $0.14 EPS. The firm's revenue for the quarter was down 7.4% on a year-over-year basis.

Werner Enterprises Stock Up 5.4 %

NASDAQ:WERN traded up $1.34 during midday trading on Friday, reaching $26.24. 715,302 shares of the stock traded hands, compared to its average volume of 815,528. The stock has a market capitalization of $1.62 billion, a PE ratio of 47.70 and a beta of 1.06. Werner Enterprises has a 12-month low of $23.02 and a 12-month high of $42.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.52. The business has a 50-day moving average of $29.31 and a two-hundred day moving average of $34.60.

Werner Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, April 14th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Monday, April 14th. Werner Enterprises's dividend payout ratio is currently 193.10%.

Analyst Ratings Changes

WERN has been the subject of several research analyst reports. The Goldman Sachs Group cut their price target on Werner Enterprises from $28.00 to $25.00 and set a "sell" rating for the company in a report on Wednesday. StockNews.com raised shares of Werner Enterprises from a "sell" rating to a "hold" rating in a report on Wednesday. UBS Group lowered their price objective on shares of Werner Enterprises from $36.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus dropped their price objective on shares of Werner Enterprises from $29.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Werner Enterprises in a report on Friday, March 7th. They issued a "hold" rating and a $33.00 price target for the company. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Werner Enterprises has an average rating of "Hold" and an average price target 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.