Werner Enterprises, Inc. (WERN) to Issue Quarterly Dividend of $0.07 on October 17th
Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Thursday, August 17th, RTT News reports. Stockholders of record on Monday, October 2nd will be paid a dividend of 0.07 per share by the transportation company on Tuesday, October 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Friday, September 29th.
Werner Enterprises (NASDAQ WERN) opened at 35.55 on Friday. The stock’s 50 day moving average price is $32.06 and its 200-day moving average price is $28.74. The stock has a market cap of $2.57 billion, a PE ratio of 32.32 and a beta of 0.87. Werner Enterprises has a 12 month low of $21.45 and a 12 month high of $35.90.
Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Werner Enterprises had a return on equity of 7.97% and a net margin of 3.90%. The company had revenue of $519.50 million during the quarter, compared to analyst estimates of $521.63 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Werner Enterprises’s revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Werner Enterprises will post $1.23 EPS for the current fiscal year.
Several brokerages recently commented on WERN. Zacks Investment Research lowered Werner Enterprises from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Stephens upgraded Werner Enterprises from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $30.00 to $36.00 in a research report on Monday, August 14th. BidaskClub upgraded Werner Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Bank of America Corporation reiterated an “underperform” rating and set a $30.00 target price (up from $25.00) on shares of Werner Enterprises in a research report on Monday, July 10th. Finally, TheStreet upgraded Werner Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.83.
In related news, CEO Derek J. Leathers sold 12,244 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $30.02, for a total value of $367,564.88. Following the sale, the chief executive officer now directly owns 228,780 shares in the company, valued at $6,867,975.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jim S. Schelble sold 7,500 shares of the business’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 completion of the sale, the vice president now owns 55,306 shares in the company, valued at $1,668,582.02. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $1,593,570 over the last 90 days. Company insiders own 34.70% of the company’s stock.
About Werner Enterprises
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.
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