Schneider National Inc (SNDR) Expected to Announce Quarterly Sales of $1.25 Billion

Wall Street brokerages predict that Schneider National Inc (NYSE:SNDR) will post sales of $1.25 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Schneider National’s earnings, with the lowest sales estimate coming in at $1.24 billion and the highest estimate coming in at $1.25 billion. Schneider National reported sales of $1.14 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next earnings results on Thursday, April 25th.

On average, analysts expect that Schneider National will report full year sales of $5.32 billion for the current year, with estimates ranging from $5.20 billion to $5.38 billion. For the next financial year, analysts anticipate that the business will post sales of $5.58 billion, with estimates ranging from $5.44 billion to $5.72 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Schneider National.

Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a net margin of 5.40% and a return on equity of 13.81%.

Several analysts recently issued reports on the company. Bank of America upgraded Schneider National from an “underperform” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday, February 4th. JPMorgan Chase & Co. decreased their price objective on Schneider National from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Morgan Stanley set a $35.00 target price on Schneider National and gave the stock a “buy” rating in a research note on Monday, October 22nd. Zacks Investment Research cut Schneider National from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Stifel Nicolaus raised shares of Schneider National from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Monday, October 29th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

A number of institutional investors and hedge funds have recently modified their holdings of SNDR. Renaissance Technologies LLC grew its stake in Schneider National by 132.2% during the 3rd quarter. Renaissance Technologies LLC now owns 518,303 shares of the company’s stock worth $12,947,000 after buying an additional 295,103 shares during the last quarter. Morgan Stanley grew its stake in Schneider National by 8.7% during the third quarter. Morgan Stanley now owns 4,051,825 shares of the company’s stock valued at $101,216,000 after acquiring an additional 323,800 shares in the last quarter. Wells Fargo & Company MN grew its position in Schneider National by 86.6% during the 3rd quarter. Wells Fargo & Company MN now owns 307,179 shares of the company’s stock valued at $7,673,000 after purchasing an additional 142,532 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Schneider National by 274.2% during the third quarter. GSA Capital Partners LLP now owns 78,046 shares of the company’s stock worth $1,950,000 after purchasing an additional 57,190 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of Schneider National by 2.0% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 172,070 shares of the company’s stock worth $4,298,000 after buying an additional 3,407 shares during the period. Institutional investors own 23.02% of the company’s stock.

Schneider National stock opened at $22.84 on Thursday. Schneider National has a 52-week low of $17.56 and a 52-week high of $30.52. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.00 and a beta of 1.54. The company has a quick ratio of 2.23, a current ratio of 2.34 and a debt-to-equity ratio of 0.20.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 8th. Shareholders of record on Friday, March 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, March 14th. Schneider National’s dividend payout ratio (DPR) is currently 15.48%.

Schneider National Company Profile

Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.

Read More: Swap

Get a free copy of the Zacks research report on Schneider National (SNDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Schneider National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit