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

Schneider National (NYSE:SNDR) released its quarterly earnings data on Thursday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Briefing.com reports. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue 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 Stock Up 2.3 %

Shares of SNDR traded up $0.50 during mid-day trading on Friday, hitting $22.02. 1,423,879 shares of the company’s stock were exchanged, compared to its average volume of 845,521. The stock’s 50-day moving average is $22.20 and its 200-day moving average is $23.57. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 1.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $31.74.

Schneider National Dividend Announcement

The company 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 $0.095 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.38 annualized dividend and a dividend yield of 1.73%. Schneider National’s dividend payout ratio is presently 28.57%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stephens reissued an “equal weight” rating and issued a $28.00 price objective on shares of Schneider National in a research note on Monday, February 5th. Susquehanna reduced their price target on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. 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 report on Friday. Evercore ISI downgraded shares of Schneider National from an “outperform” rating to an “inline” rating and set a $25.00 target price for the company. in a report on Thursday, January 4th. Finally, Stifel Nicolaus lowered their target price on shares of Schneider National from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Schneider National presently has an average rating of “Hold” and an average price target 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.