Schneider National (NYSE:SNDR) Issues FY 2024 Earnings Guidance

Schneider National (NYSE:SNDR) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.660-0.720 for the period, compared to the consensus EPS estimate of 0.820. The company issued revenue guidance of -. Schneider National also updated its FY24 guidance to $0.66-0.72 EPS.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday. Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Thursday, August 8th. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and upped their price target for the company from $27.00 to $34.00 in a report on Thursday. Robert W. Baird boosted their target price on shares of Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Citigroup began coverage on shares of Schneider National in a research note on Wednesday, October 9th. They set a “neutral” rating and a $29.00 target price on the stock. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.08.

Schneider National Stock Up 3.1 %

Shares of NYSE SNDR traded up $0.96 during trading hours on Friday, hitting $31.47. The stock had a trading volume of 827,836 shares, compared to its average volume of 825,786. The company has a market capitalization of $5.51 billion, a P/E ratio of 50.76, a P/E/G ratio of 3.10 and a beta of 0.85. The firm’s 50-day moving average price is $27.90 and its two-hundred day moving average price is $25.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.71.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a return on equity of 3.92% and a net margin of 2.10%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Analysts anticipate that Schneider National will post 0.83 EPS for the current fiscal year.

Schneider National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a $0.095 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.38 annualized dividend and a yield of 1.21%. Schneider National’s dividend payout ratio (DPR) is currently 61.29%.

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.