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

Schneider National (NYSE:SNDR) issued its earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. 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 trading on Friday, reaching $22.02. The company had a trading volume of 1,423,880 shares, compared to its average volume of 818,371. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. The business’s 50 day moving average price is $22.17 and its 200-day moving average price is $23.53. The stock has a market cap of $3.88 billion, a PE ratio of 25.02, a PEG ratio of 1.44 and a beta of 0.91.

Schneider National Announces Dividend

The business 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. 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 presently 43.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SNDR shares. Stephens restated 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 price target 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. Benchmark restated a “buy” rating and set a $27.00 price target on shares of Schneider National in a research note on Friday. Susquehanna lowered their price objective on Schneider National from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. Finally, Bank of America cut their target price on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently 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.