Schneider National (NYSE:SNDR) Posts Earnings Results, Misses Estimates By $0.05 EPS

Schneider National (NYSE:SNDR) issued its earnings results on Wednesday. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05), reports. Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Schneider National updated its FY24 guidance to $0.66-0.72 EPS and its FY 2024 guidance to 0.660-0.720 EPS.

Schneider National Stock Up 0.2 %

SNDR opened at $30.49 on Friday. Schneider National has a twelve month low of $20.50 and a twelve month high of $31.24. The company’s 50-day moving average price is $27.90 and its two-hundred day moving average price is $25.26. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 49.18, a PEG ratio of 3.10 and a beta of 0.85. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04.

Schneider National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.38 dividend on an annualized basis and a yield of 1.25%. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Institutional Trading of Schneider National

A number of large investors have recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Schneider National during the 2nd quarter valued at $53,000. DekaBank Deutsche Girozentrale bought a new stake in Schneider National in the 3rd quarter valued at about $73,000. Hilltop National Bank lifted its holdings in Schneider National by 28.5% during the second quarter. Hilltop National Bank now owns 3,044 shares of the company’s stock valued at $74,000 after purchasing an additional 676 shares during the last quarter. SG Americas Securities LLC bought a new position in Schneider National during the third quarter worth about $109,000. Finally, Hills Bank & Trust Co bought a new position in Schneider National during the third quarter worth about $112,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SNDR shares. Benchmark upped their price objective on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus cut shares of Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Thursday, August 8th. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and lifted their target price for the company from $27.00 to $34.00 in a research report on Thursday. Robert W. Baird increased their price target on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.54.

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.