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

Schneider National (NYSE:SNDR) announced its earnings results on Thursday. The company reported $0.11 earnings per share 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 analyst estimates of $1.36 billion. During the same quarter last year, the business earned $0.55 earnings per share. Schneider National’s revenue 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

NYSE SNDR traded up $0.50 during trading hours on Friday, reaching $22.02. The company’s stock had a trading volume of 1,423,880 shares, compared to its average volume of 818,371. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.44 and a beta of 0.91. The company’s 50-day moving average is $22.17 and its two-hundred day moving average is $23.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.83 and a quick ratio of 1.64. Schneider National has a 1-year low of $20.50 and a 1-year high of $31.74.

Schneider National Dividend Announcement

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

Analyst Ratings Changes

SNDR has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $27.00 price objective on shares of Schneider National in a research report on Friday. Susquehanna decreased their price objective on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Stephens reaffirmed an “equal weight” rating and issued a $28.00 price target on shares of Schneider National in a report on Monday, February 5th. Robert W. Baird lowered their price objective on shares of Schneider National from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, April 4th. Finally, Stifel Nicolaus cut their target price on Schneider National from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.