Brokerages Expect Schneider National Inc (NYSE:SNDR) Will Post Quarterly Sales of $1.22 Billion

Equities research analysts predict that Schneider National Inc (NYSE:SNDR) will announce sales of $1.22 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Schneider National’s earnings. The highest sales estimate is $1.23 billion and the lowest is $1.21 billion. Schneider National reported sales of $1.28 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 4.7%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, October 31st.

According to Zacks, analysts expect that Schneider National will report full-year sales of $4.89 billion for the current financial year, with estimates ranging from $4.83 billion to $4.95 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.93 billion, with estimates ranging from $4.75 billion to $5.10 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Schneider National.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). Schneider National had a net margin of 4.53% and a return on equity of 11.94%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis.

A number of equities analysts have recently weighed in on SNDR shares. Morgan Stanley increased their target price on Schneider National from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Susquehanna Bancshares initiated coverage on Schneider National in a research note on Thursday, September 5th. They issued a “positive” rating and a $23.00 price target on the stock. Stifel Nicolaus lowered Schneider National from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a research note on Thursday, October 10th. UBS Group raised Schneider National from a “neutral” rating to a “buy” rating and raised their price objective for the company from $20.00 to $25.00 in a report on Friday, October 11th. Finally, Credit Suisse Group downgraded Schneider National from an “outperform” rating to a “neutral” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.60.

Several large investors have recently bought and sold shares of the business. First Trust Advisors LP increased its stake in Schneider National by 1.9% during the 1st quarter. First Trust Advisors LP now owns 436,462 shares of the company’s stock worth $9,188,000 after buying an additional 8,308 shares during the period. Fox Run Management L.L.C. acquired a new position in Schneider National during the 2nd quarter worth approximately $254,000. Bessemer Group Inc. grew its holdings in Schneider National by 128.2% during the 2nd quarter. Bessemer Group Inc. now owns 15,293 shares of the company’s stock worth $279,000 after acquiring an additional 8,590 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Schneider National by 1.6% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 173,816 shares of the company’s stock worth $3,170,000 after acquiring an additional 2,759 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Schneider National during the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 24.53% of the company’s stock.

Shares of NYSE SNDR opened at $23.04 on Wednesday. The firm has a market cap of $4.01 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 5.47 and a beta of 1.62. The company has a current ratio of 1.98, a quick ratio of 1.90 and a debt-to-equity ratio of 0.15. Schneider National has a 1-year low of $16.59 and a 1-year high of $23.87. The business’s 50 day moving average is $21.85 and its 200-day moving average is $19.77.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 13th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.04%. Schneider National’s dividend payout ratio is currently 15.48%.

About Schneider National

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, first to final mile delivery, and customized solutions for time-sensitive loads.

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