Schneider National (NYSE:SNDR) Issues FY24 Earnings Guidance

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

Schneider National Stock Performance

Shares of SNDR traded up $0.50 during midday trading on Friday, reaching $22.02. 1,423,880 shares of the stock were exchanged, compared to its average volume of 818,371. Schneider National has a twelve month low of $20.50 and a twelve month 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 company has a market cap of $3.88 billion, a P/E ratio of 25.02, a PEG ratio of 1.47 and a beta of 0.91. The stock’s 50 day simple moving average is $22.17 and its 200 day simple moving average is $23.50.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.36 billion. During the same period in the prior year, the business posted $0.55 EPS. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Schneider National will post 1.09 earnings per share for the current year.

Schneider National Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SNDR shares. TD Cowen decreased their price target on Schneider National from $26.00 to $25.00 and set a buy rating on the stock in a research report on Friday. Bank of America dropped 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. Stephens reaffirmed 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 dropped their price objective on shares of Schneider National from $27.00 to $25.00 and set a neutral rating for the company in a report on Monday, March 25th. Finally, Stifel Nicolaus reduced their target price on shares of Schneider National from $27.00 to $25.00 and set a buy rating on the stock in a report on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.