Werner Enterprises, Inc. (NASDAQ:WERN) announced a quarterly dividend on Thursday, May 14th, Zacks reports. Investors of record on Monday, July 6th will be paid a dividend of 0.09 per share by the transportation company on Tuesday, July 21st. This represents a $0.36 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, July 2nd.
Werner Enterprises has raised its dividend by an average of 799.8% per year over the last three years and has increased its dividend every year for the last 4 years. Werner Enterprises has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Werner Enterprises to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 15.4%.
Werner Enterprises stock opened at $42.69 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.51 and a debt-to-equity ratio of 0.16. Werner Enterprises has a 12 month low of $28.71 and a 12 month high of $46.95. The company’s fifty day simple moving average is $42.73 and its 200-day simple moving average is $38.31. The stock has a market cap of $2.95 billion, a P/E ratio of 19.32, a P/E/G ratio of 7.74 and a beta of 0.84.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Werner Enterprises had a net margin of 6.26% and a return on equity of 14.67%. The firm had revenue of $592.70 million for the quarter, compared to analysts’ expectations of $574.07 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that Werner Enterprises will post 1.93 earnings per share for the current fiscal year.
In related news, COO H Marty Nordlund sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.62, for a total transaction of $130,860.00. Following the completion of the transaction, the chief operating officer now directly owns 65,716 shares in the company, valued at approximately $2,866,531.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Clarence L. Werner sold 14,130,523 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $41.00, for a total value of $579,351,443.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,141,411 shares of company stock valued at $579,823,515. 36.40% of the stock is owned by insiders.
Several equities analysts have commented on WERN shares. BidaskClub lowered shares of Werner Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, June 4th. Citigroup boosted their target price on shares of Werner Enterprises from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Deutsche Bank boosted their price target on shares of Werner Enterprises from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Morgan Stanley boosted their price target on shares of Werner Enterprises from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Credit Suisse Group boosted their target price on shares of Werner Enterprises from $33.00 to $37.00 and gave the company an “underperform” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.57.
Werner Enterprises Company Profile
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, and China. It operates in two segments, Truckload Transportation Services and Werner Logistics.
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