Schneider National Inc (SNDR) Posts Earnings Results, Meets Expectations

Schneider National Inc (NASDAQ:SNDR) posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23, Morningstar.com reports. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. Schneider National had a net margin of 4.32% and a return on equity of 13.37%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. Schneider National updated its FY17 guidance to $0.94-1.02 EPS.

Schneider National (NASDAQ:SNDR) opened at 21.36 on Friday. The company’s 50-day moving average is $21.42 and its 200-day moving average is $20.36. Schneider National has a 52-week low of $17.69 and a 52-week high of $23.12. The firm has a market capitalization of $3.78 billion and a PE ratio of 1.38.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 20th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, September 19th.

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A number of research firms have issued reports on SNDR. Zacks Investment Research downgraded shares of Schneider National from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Bank of America Corporation reaffirmed a “buy” rating and set a $25.00 price target (up previously from $23.00) on shares of Schneider National in a report on Monday, July 10th. Citigroup Inc. started coverage on shares of Schneider National in a report on Tuesday, May 2nd. They set a “buy” rating and a $22.00 price target for the company. Wolfe Research started coverage on shares of Schneider National in a report on Monday, May 1st. They set a “market perform” rating for the company. Finally, Morgan Stanley started coverage on shares of Schneider National in a report on Monday, May 1st. They set an “overweight” rating and a $24.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $22.63.

A number of large investors have recently made changes to their positions in SNDR. DekaBank Deutsche Girozentrale bought a new stake in shares of Schneider National during the second quarter valued at about $111,000. Legal & General Group Plc bought a new stake in shares of Schneider National during the second quarter valued at about $173,000. GSA Capital Partners LLP bought a new stake in shares of Schneider National during the second quarter valued at about $201,000. Strs Ohio bought a new stake in shares of Schneider National during the second quarter valued at about $212,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Schneider National during the second quarter valued at about $369,000.

Schneider National Company Profile

Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.

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