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Last $28.80 USD
Change Today +0.56 / 1.98%
Volume 503.0K
WERN On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

werner enterprises inc (WERN) Snapshot

Open
$28.15
Previous Close
$28.24
Day High
$28.80
Day Low
$27.91
52 Week High
03/19/15 - $33.42
52 Week Low
10/13/14 - $23.50
Market Cap
2.1B
Average Volume 10 Days
832.2K
EPS TTM
$1.38
Shares Outstanding
71.9M
EX-Date
07/1/15
P/E TM
20.9x
Dividend
$0.20
Dividend Yield
0.69%
Current Stock Chart for WERNER ENTERPRISES INC (WERN)

werner enterprises inc (WERN) Related Businessweek News

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werner enterprises inc (WERN) Details

Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce. The company operates in two segments, Truckload Transportation Services and Value Added Services. The Truckload Transportation Services segment operates regional short-haul fleet, which transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; medium-to-long-haul van fleet that provides comparable truckload van service over irregular routes; and the expedited fleet, which offers time-sensitive truckload services. It also provides truckload services dedicated to a specific customer, including services for products requiring specialized trailers, such as flatbed or temperature-controlled trailers. This segment principally transports retail store merchandise, consumer products, grocery products, and manufactured products. The Value Added Services segment provides non-asset-based transportation and logistics services, including truck brokerage; logistics management services and solutions; rail transportation through alliances with rail and drayage providers; and management of global shipments from origin to destination using a combination of air, ocean, truck, and rail transportation modes. The company operates in the United States, Mexico, Canada, China, and Australia. As of December 31, 2014, the company operated a fleet of 7,050 trucks, of which 6,400 were company-operated, and 650 were owned and operated by independent contractors; and 23,975 company-owned trailers comprising 22,585 dry vans, 209 flatbeds, 1,159 temperature-controlled trailers, and 22 specialized trailers. Werner Enterprises, Inc. was founded in 1956 and is headquartered in Omaha, Nebraska.

12,178 Employees
Last Reported Date: 02/25/15
Founded in 1956

werner enterprises inc (WERN) Top Compensated Officers

Vice Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
President and Chief Operating Officer
Total Annual Compensation: $839.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $350.0K
Executive Vice President and General Counsel
Total Annual Compensation: $480.0K
Compensation as of Fiscal Year 2014.

werner enterprises inc (WERN) Key Developments

Werner Enterprises, Inc. Amends its Existing Credit Agreement with Wells Fargo Bank, National Association and Enters into New Credit Agreement with U.S. Bank National Association

On July 13, 2015, Werner Enterprises Inc., as borrower, amended its existing credit agreement, dated June 1, 2012, as amended, with Wells Fargo Bank, National Association, as lender. The second amendment to the Wells Fargo Credit Agreement, dated July 13, 2015, lowers the maximum principal amount of the unsecured line of credit to $100 million from $175 million, extends the term of the credit agreement to July 12, 2020 from May 31, 2016, and adds a $50 million maximum limit for the aggregate amount of letters of credit issued. The Amendment continues to require the Company to pay Wells Fargo interest on any borrowed amounts under the line of credit at a variable rate based on the daily London Interbank Offered Rate (LIBOR) plus a margin of 0.60%. The Wells Fargo Credit Agreement also requires the Company to pay Wells Fargo an annualized letter of credit fee of 0.55% per annum based upon the face amount of each letter of credit outstanding and a nonrefundable unused commitment fee of 0.085% per annum on the average daily unused amount of the commitment available for borrowing. As of July 13, 2015, the Company was in compliance with all applicable financial covenants under the Wells Fargo Credit Agreement, had $75 million in outstanding borrowings under its term commitment with Wells Fargo, and had issued $32.7 million in letters of credit which reduce the $100 million of credit available under the unsecured line. On July 13, 2015, the Company, as borrower, entered into a new credit agreement with U.S. Bank National Association, as lender. The U.S. Bank Credit Agreement is an unsecured line of credit of $75 million and expires on July 13, 2020. The proceeds of the U.S. Bank Credit Agreement may be used for the Company's general corporate purposes. The U.S. Bank Credit Agreement permits the Company to borrow funds and issue letters of credit of up to $75 million in the aggregate, and availability of such funds under the U.S. Bank Credit Agreement is conditional upon various customary terms and covenants. Such covenants include, among other things, one financial covenant requiring the Company not to exceed a maximum ratio of total funded debt to earnings before interest, income taxes, depreciation and amortization. A violation of such terms and covenants could result in a default under the U.S. Bank Credit Agreement. In the event of default, U.S. Bank will not be obligated to make loans to the Company and could require the Company to immediately repay any then-outstanding debt (including any accrued interest). Any amounts drawn under the U.S. Bank Credit Agreement will bear interest at a variable rate based on the daily LIBOR plus a margin of 0.55%. Such borrowed amounts and interest would be due and payable in full on July 13, 2020. The U.S. Bank Credit Agreement also requires the Company to pay U.S. Bank an annualized letter of credit fee of 0.55% per annum based upon the face amount of each letter of credit outstanding and a nonrefundable unused commitment fee of 0.075% per annum on the average daily unused amount of the commitment available for borrowing. No borrowings have been made and no letters of credit have been issued under the U.S. Bank Credit Agreement to date.

Werner Enterprises, Inc. Announces Quarterly Dividend, Payable on July 21, 2015

Werner Enterprises Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.050 per common share payable to stockholders of record at the close of business on July 6, 2015. This dividend will be paid on July 21, 2015.

Werner Enterprises Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-27-2015 02:40 PM

Werner Enterprises Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-27-2015 02:40 PM. Venue: InterContinental Boston, 510 Atlantic Ave, Boston, MA 02210, United States.

 

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Industry Analysis

WERN

Industry Average

Valuation WERN Industry Range
Price/Earnings 18.0x
Price/Sales 1.0x
Price/Book 2.3x
Price/Cash Flow 6.8x
TEV/Sales 0.9x
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