Schneider National (NYSE:SNDR) Releases FY24 Earnings Guidance

Schneider National (NYSE:SNDR) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.85-1.00 for the period, compared to the consensus earnings per share estimate of $1.00.

Schneider National Stock Performance

Shares of NYSE SNDR traded up $0.50 during mid-day trading on Friday, hitting $22.02. 1,423,880 shares of the company were exchanged, compared to its average volume of 818,371. The stock has a 50 day simple moving average of $22.17 and a 200-day simple moving average of $23.50. Schneider National has a 1-year low of $20.50 and a 1-year high of $31.74. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.47 and a beta of 0.91.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Schneider National will post 1.09 EPS for the current fiscal year.

Schneider National Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on SNDR. Susquehanna lowered their target price on Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a report on Monday, March 25th. Bank of America lowered their target price on Schneider National from $25.00 to $23.00 and set a neutral rating on the stock in a report on Monday, April 15th. TD Cowen lowered their target price on Schneider National from $26.00 to $25.00 and set a buy rating on the stock in a report on Friday. Benchmark reissued a buy rating and issued a $27.00 target price on shares of Schneider National in a report on Friday. Finally, Stephens reissued an equal weight rating and issued a $28.00 target price on shares of Schneider National in a report on Monday, February 5th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus 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.