Schneider National (NYSE:SNDR) Announces Earnings Results

Schneider National (NYSE:SNDR) announced its 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. Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Schneider National updated its FY24 guidance to $0.85-1.00 EPS.

Schneider National Price Performance

Shares of NYSE SNDR traded up $0.50 during midday trading on Friday, hitting $22.02. 1,423,880 shares of the company’s stock were exchanged, compared to its average volume of 818,371. Schneider National has a 12-month low of $20.50 and a 12-month high of $31.74. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.44 and a beta of 0.91. The business’s fifty day moving average price is $22.17 and its two-hundred day moving average price is $23.53.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Friday, June 7th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, June 7th. Schneider National’s payout ratio is 43.18%.

Analyst Ratings Changes

SNDR has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $27.00 target price on shares of Schneider National in a research report on Friday. Stifel Nicolaus decreased their target price on Schneider National from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Robert W. Baird cut their price target on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Stephens restated an “equal weight” rating and set a $28.00 price objective on shares of Schneider National in a report on Monday, February 5th. Finally, TD Cowen dropped their price objective on Schneider National from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.00.

About Schneider National

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.