Werner Enterprises, Inc. (NASDAQ:WERN – Get Free Report) has been assigned an average rating of “Reduce” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.57.
A number of research firms recently issued reports on WERN. UBS Group downgraded Werner Enterprises from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Tuesday, July 9th. Citigroup started coverage on shares of Werner Enterprises in a research report on Wednesday, October 9th. They set a “sell” rating and a $34.00 price target for the company. StockNews.com cut shares of Werner Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. The Goldman Sachs Group cut their price objective on shares of Werner Enterprises from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, Stephens decreased their target price on shares of Werner Enterprises from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th.
Check Out Our Latest Stock Report on WERN
Hedge Funds Weigh In On Werner Enterprises
Werner Enterprises Trading Up 2.2 %
WERN opened at $38.18 on Friday. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $43.26. The business has a fifty day moving average price of $37.08 and a 200 day moving average price of $36.73. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.69 and a quick ratio of 1.64. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 11.70 and a beta of 0.79.
Werner Enterprises (NASDAQ:WERN – Get Free Report) last issued its earnings results on Tuesday, July 30th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Werner Enterprises had a return on equity of 4.70% and a net margin of 1.99%. The business had revenue of $760.80 million for the quarter, compared to analyst estimates of $769.81 million. During the same period last year, the business posted $0.52 EPS. Werner Enterprises’s revenue was down 6.2% on a year-over-year basis. Sell-side analysts expect that Werner Enterprises will post 0.87 earnings per share for the current fiscal year.
Werner Enterprises Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Monday, October 7th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, October 7th. Werner Enterprises’s dividend payout ratio is currently 56.57%.
About Werner Enterprises
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.
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