Werner Enterprises, Inc. (WERN) Posts Earnings Results, Misses Estimates By $0.01 EPS

Werner Enterprises, Inc. (NASDAQ:WERN) posted its quarterly earnings results on Wednesday. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01), Bloomberg Earnings reports. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The firm had revenue of $528.64 million for the quarter, compared to the consensus estimate of $532.48 million. During the same period in the previous year, the company posted $0.26 EPS. Werner Enterprises’s quarterly revenue was up 3.9% compared to the same quarter last year.

Werner Enterprises (NASDAQ WERN) traded up 0.56% during midday trading on Thursday, reaching $35.60. The company’s stock had a trading volume of 1,819,209 shares. The firm has a market capitalization of $2.57 billion, a PE ratio of 32.36 and a beta of 0.90. The stock’s 50-day moving average price is $34.98 and its 200 day moving average price is $30.09. Werner Enterprises has a 1-year low of $21.45 and a 1-year high of $37.00.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Friday, September 29th. Werner Enterprises’s dividend payout ratio (DPR) is presently 25.45%.

In other news, CEO Derek J. Leathers sold 12,756 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.00, for a total transaction of $382,680.00. Following the completion of the transaction, the chief executive officer now directly owns 241,536 shares of the company’s stock, valued at approximately $7,246,080. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jim S. Schelble sold 7,500 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $30.17, for a total value of $226,275.00. Following the transaction, the vice president now directly owns 55,306 shares of the company’s stock, valued at $1,668,582.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,000 shares of company stock valued at $1,593,570. Insiders own 34.70% of the company’s stock.

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WERN has been the topic of a number of recent research reports. Buckingham Research initiated coverage on Werner Enterprises in a research report on Monday, August 21st. They set a “buy” rating and a $36.00 price target on the stock. Cowen and Company raised their price objective on Werner Enterprises from $27.00 to $31.00 and gave the company a “market perform” rating in a research report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “hold” rating and set a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a research report on Wednesday, August 9th. BidaskClub raised Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $38.00 price objective on shares of Werner Enterprises in a research report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.00.

Werner Enterprises Company Profile

Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.

Earnings History for Werner Enterprises (NASDAQ:WERN)

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