Werner Enterprises, Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:WERN)

Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Shareholders of record on Monday, October 7th will be paid a dividend of 0.14 per share by the transportation company on Wednesday, October 23rd. This represents a $0.56 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, October 7th.

Werner Enterprises has increased its dividend by an average of 6.9% annually over the last three years. Werner Enterprises has a dividend payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Werner Enterprises to earn $1.94 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 28.9%.

Werner Enterprises Price Performance

Shares of NASDAQ WERN opened at $36.11 on Friday. The firm has a market capitalization of $2.29 billion, a P/E ratio of 27.56, a P/E/G ratio of 7.51 and a beta of 0.79. The firm’s 50-day moving average price is $37.23 and its 200-day moving average price is $36.88. The company has a current ratio of 1.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Werner Enterprises has a 1-year low of $33.12 and a 1-year high of $43.26.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Werner Enterprises had a net margin of 1.99% and a return on equity of 4.70%. The business had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. Equities research analysts anticipate that Werner Enterprises will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WERN. Stifel Nicolaus dropped their target price on Werner Enterprises from $39.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, August 1st. Susquehanna lifted their price objective on shares of Werner Enterprises from $26.00 to $30.00 and gave the stock a “negative” rating in a report on Thursday, September 26th. StockNews.com downgraded shares of Werner Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. TD Cowen upped their price objective on shares of Werner Enterprises from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI dropped their target price on shares of Werner Enterprises from $37.00 to $35.00 and set an “in-line” rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.25.

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.