Schneider National (NYSE:SNDR) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Schneider National (NYSE:SNDR) posted its earnings results on Thursday. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03, Briefing.com reports. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. Schneider National’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. Schneider National updated its FY24 guidance to $0.80-0.90 EPS and its FY 2024 guidance to 0.800-0.900 EPS.

Schneider National Stock Down 1.4 %

Schneider National stock traded down $0.40 during trading on Friday, reaching $27.66. 1,299,943 shares of the company’s stock were exchanged, compared to its average volume of 1,465,928. The company’s 50-day moving average is $23.70 and its two-hundred day moving average is $23.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.32 and a current ratio of 1.44. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.74. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.61 and a beta of 0.85.

Schneider National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 13th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, September 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.37%. Schneider National’s dividend payout ratio (DPR) is 43.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SNDR shares. JPMorgan Chase & Co. increased their target price on shares of Schneider National from $24.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird lifted their price target on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday. Benchmark boosted their price target on Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company assumed coverage on Schneider National in a research note on Friday, June 7th. They set an “equal weight” rating and a $23.00 price target on the stock. Finally, Raymond James initiated coverage on Schneider National in a research note on Wednesday, May 15th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Schneider National has a consensus rating of “Hold” and a consensus price target of $28.13.

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.