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 mid-day trading on Friday, hitting $22.02. The stock had a trading volume of 1,423,880 shares, compared to its average volume of 818,371. The firm 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 business has a fifty day moving average price of $22.17 and a 200-day moving average price of $23.50. 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 52 week low of $20.50 and a 52 week high of $31.74.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.36 billion. Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, equities research analysts expect that Schneider National will post 1.09 EPS for the current year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be given a $0.095 dividend. 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 dividend payout ratio (DPR) is presently 43.18%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SNDR. Robert W. Baird reduced their price target on 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 reiterated a buy rating and issued a $27.00 price target on shares of Schneider National in a research report on Friday. Stifel Nicolaus reduced their price target on Schneider National from $27.00 to $25.00 and set a buy rating for the company in a research report on Thursday, April 18th. Bank of America reduced their price target 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. Finally, TD Cowen reduced their price target on Schneider National from $26.00 to $25.00 and set a buy rating for the company in a research report on Friday. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus 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.