Schneider National (NYSE:SNDR) Announces Earnings Results, Misses Expectations By $0.02 EPS

Schneider National (NYSE:SNDR) issued its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02), Briefing.com reports. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. Schneider National updated its FY24 guidance to $0.85-1.00 EPS.

Schneider National Stock Up 2.3 %

Shares of NYSE SNDR traded up $0.50 during midday trading on Friday, reaching $22.02. 1,423,880 shares of the company’s stock were exchanged, compared to its average volume of 818,371. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.74. The business’s fifty day moving average price is $22.17 and its two-hundred day moving average price is $23.53. The stock has a market capitalization of $3.88 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91.

Schneider National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 7th will be given a $0.095 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.38 dividend on an annualized basis and a yield of 1.73%. Schneider National’s payout ratio is currently 43.18%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SNDR shares. Benchmark restated a “buy” rating and set a $27.00 price objective on shares of Schneider National in a report on Friday. TD Cowen cut their price objective on Schneider National from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday. Stephens reaffirmed an “equal weight” rating and issued a $28.00 price objective on shares of Schneider National in a research note on Monday, February 5th. Robert W. Baird dropped their target price on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Finally, Susquehanna reduced their price target on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Schneider National has a consensus rating of “Hold” and an average price target of $28.00.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.