Werner Enterprises (NASDAQ:WERN) posted its earnings results on Thursday. The transportation company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.06, RTT News reports. Werner Enterprises had a return on equity of 10.71% and a net margin of 10.09%. The company had revenue of $629.70 million for the quarter, compared to analyst estimates of $628.71 million. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 19.1% on a year-over-year basis.
Shares of WERN opened at $32.38 on Friday. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.02 and a beta of 1.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.76 and a current ratio of 1.81. Werner Enterprises has a 1 year low of $31.83 and a 1 year high of $43.95.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Monday, October 1st were paid a $0.09 dividend. The ex-dividend date was Friday, September 28th. This represents a $0.36 annualized dividend and a dividend yield of 1.11%. Werner Enterprises’s payout ratio is presently 28.35%.
WERN has been the topic of a number of recent analyst reports. Buckingham Research dropped their price target on Werner Enterprises from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, July 24th. ValuEngine upgraded Werner Enterprises from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. JPMorgan Chase & Co. lowered Werner Enterprises from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a report on Wednesday, July 11th. Loop Capital initiated coverage on Werner Enterprises in a report on Monday, October 1st. They set a “buy” rating and a $42.00 price target on the stock. Finally, Robert W. Baird lifted their price target on Werner Enterprises from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. Five analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.60.
About Werner Enterprises
Werner Enterprises, Inc, a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce in the United States, Mexico, Canada, China, and Australia. It operates through two segments, Truckload Transportation Services and Werner Logistics.
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