Werner Enterprises, Inc. (NASDAQ:WERN - Get Free Report)'s stock price gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $27.81, but opened at $29.93. Werner Enterprises shares last traded at $28.11, with a volume of 209,876 shares.
The transportation company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.06. Werner Enterprises had a return on equity of 0.92% and a net margin of 1.77%. The company had revenue of $753.15 million for the quarter, compared to analysts' expectations of $736.09 million. During the same period last year, the business earned $0.17 EPS. Werner Enterprises's quarterly revenue was down 1.0% compared to the same quarter last year.
Werner Enterprises Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Monday, July 7th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, July 7th. This represents a $0.56 annualized dividend and a yield of 2.1%. Werner Enterprises's dividend payout ratio (DPR) is 65.12%.
Analyst Ratings Changes
Several brokerages have weighed in on WERN. Wall Street Zen upgraded Werner Enterprises from a "strong sell" rating to a "hold" rating in a research note on Saturday. UBS Group dropped their price objective on Werner Enterprises from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Robert W. Baird initiated coverage on Werner Enterprises in a research note on Tuesday, July 1st. They set an "underperform" rating and a $25.00 target price on the stock. Baird R W upgraded Werner Enterprises to a "strong sell" rating in a research note on Tuesday, July 1st. Finally, Stifel Nicolaus lowered their target price on Werner Enterprises from $29.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.87.
Read Our Latest Research Report on Werner Enterprises
Institutional Trading of Werner Enterprises
Several hedge funds and other institutional investors have recently bought and sold shares of WERN. Caitong International Asset Management Co. Ltd raised its holdings in shares of Werner Enterprises by 57.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,018 shares of the transportation company's stock valued at $28,000 after acquiring an additional 373 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Werner Enterprises by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 22,516 shares of the transportation company's stock valued at $660,000 after acquiring an additional 398 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Werner Enterprises by 0.3% during 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 acquiring an additional 401 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Werner Enterprises by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,937 shares of the transportation company's stock valued at $86,000 after acquiring an additional 402 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its holdings in shares of Werner Enterprises by 3.0% during the first quarter. Alliance Wealth Advisors LLC UT now owns 14,528 shares of the transportation company's stock valued at $426,000 after acquiring an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 89.32% of the company's stock.
Werner Enterprises Stock Performance
The company has a market cap of $1.66 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.62 and a beta of 1.08. The company has a quick ratio of 1.70, a current ratio of 1.74 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $27.81 and a 200 day moving average of $29.67.
Werner Enterprises Company Profile
(
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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.
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