Werner Enterprises, Inc. (WERN) to Issue Quarterly Dividend of $0.14 on May 7th

Werner Enterprises, Inc. (NASDAQ:WERN) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Monday, April 14th will be given a dividend of 0.14 per share by the transportation company on Wednesday, May 7th. This represents a $0.56 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, April 14th.

Werner Enterprises has increased its dividend payment by an average of 6.8% per year over the last three years. Werner Enterprises has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Werner Enterprises to earn $2.22 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 25.2%.

Werner Enterprises Trading Down 0.3 %

NASDAQ:WERN opened at $34.07 on Friday. The company has a market cap of $2.11 billion, a PE ratio of 61.95 and a beta of 0.84. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $36.02 and a two-hundred day simple moving average of $37.30. Werner Enterprises has a 12 month low of $33.12 and a 12 month high of $42.48.

Werner Enterprises (NASDAQ:WERN) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.15). Werner Enterprises had a return on equity of 2.27% and a net margin of 1.13%. Research analysts forecast that Werner Enterprises will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Werner Enterprises from $35.00 to $32.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 30th. TD Cowen lifted their price target on shares of Werner Enterprises from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com upgraded Werner Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday. Susquehanna upgraded Werner Enterprises from a “negative” rating to a “neutral” rating and set a $38.00 target price on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley reduced their price target on Werner Enterprises from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.29.

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.