Werner Enterprises (NASDAQ:WERN) Releases Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Werner Enterprises (NASDAQ:WERN) announced its quarterly earnings results on Thursday. The transportation company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.15), Zacks reports. Werner Enterprises had a net margin of 1.13% and a return on equity of 2.26%.

Werner Enterprises Stock Down 0.6 %

WERN stock opened at $34.44 on Friday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 62.62, a P/E/G ratio of 15.58 and a beta of 0.84. Werner Enterprises has a twelve month low of $33.12 and a twelve month high of $42.48. The business has a 50 day moving average price of $36.95 and a two-hundred day moving average price of $37.53. The company has a quick ratio of 1.49, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.

Werner Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.56 annualized dividend and a yield of 1.63%. Werner Enterprises’s payout ratio is presently 101.82%.

Analyst Upgrades and Downgrades

WERN has been the topic of several analyst reports. Susquehanna upgraded shares of Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 target price on the stock in a report on Friday, January 3rd. Evercore ISI dropped their price objective on Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their target price on Werner Enterprises from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley dropped their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price objective on Werner Enterprises from $36.00 to $34.00 and set an “underweight” rating for the company in a research report on Friday. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.29.

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.