Werner Enterprises, Inc. (NASDAQ:WERN – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Monday, July 6th will be paid a dividend of 0.14 per share by the transportation company on Wednesday, July 22nd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, July 6th.
Werner Enterprises has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Werner Enterprises has a dividend payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Werner Enterprises to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 28.7%.
Werner Enterprises Price Performance
Shares of NASDAQ:WERN opened at $37.31 on Friday. The firm’s 50 day moving average is $31.78 and its two-hundred day moving average is $31.00. Werner Enterprises has a 52 week low of $23.06 and a 52 week high of $38.46. The firm has a market capitalization of $2.24 billion, a P/E ratio of -248.73, a PEG ratio of 0.79 and a beta of 1.24. The company has a current ratio of 1.46, a quick ratio of 1.41 and a debt-to-equity ratio of 0.66.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Werner Enterprises from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. UBS Group raised their price target on shares of Werner Enterprises from $33.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Citigroup raised their price target on shares of Werner Enterprises from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Werner Enterprises from $30.00 to $34.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. Finally, Susquehanna increased their price objective on shares of Werner Enterprises from $31.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Werner Enterprises presently has a consensus rating of “Reduce” and an average target price of $35.15.
Werner Enterprises Company Profile
Werner Enterprises, Inc, founded in 1956 by Clarence L. “Chris” Werner, is a leading transportation and logistics provider based in Omaha, Nebraska. The company began as a one‐truck operation and has since grown into one of North America’s largest carriers, offering an array of services to support diverse supply chains.
Werner’s core business activities include full truckload dry van services, dedicated contract carriage, intermodal transport and brokerage solutions. The company also provides value-added services such as warehousing, freight management and fleet maintenance through its network of terminals and service centers.
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