Schneider National (NYSE:SNDR) Releases FY24 Earnings Guidance

Schneider National (NYSE:SNDR) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.85-1.00 for the period, compared to the consensus estimate of $1.00.

Schneider National Price Performance

Shares of SNDR stock traded up $0.50 during mid-day trading on Friday, hitting $22.02. 1,423,880 shares of the stock traded hands, compared to its average volume of 818,371. Schneider National has a twelve month low of $20.50 and a twelve month high of $31.74. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.47 and a beta of 0.91. The company’s 50-day simple moving average is $22.17 and its 200-day simple moving average is $23.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.83.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities research analysts expect that Schneider National will post 1.09 earnings per share for the current year.

Schneider National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.73%. Schneider National’s dividend payout ratio is 43.18%.

Analyst Ratings Changes

A number of research analysts have commented on SNDR shares. Susquehanna lowered their target price on Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a research note on Monday, March 25th. Stephens restated an equal weight rating and issued a $28.00 target price on shares of Schneider National in a research note on Monday, February 5th. Robert W. Baird lowered their target price on Schneider National from $29.00 to $27.00 and set an outperform rating on the stock in a research note on Thursday, April 4th. Bank of America reduced their price target on Schneider National from $25.00 to $23.00 and set a neutral rating for the company in a research report on Monday, April 15th. Finally, Stifel Nicolaus reduced their price target on Schneider National from $27.00 to $25.00 and set a buy rating for the company in a research report on Thursday, April 18th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $28.00.

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.