Schneider National (NYSE:SNDR) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Schneider National (NYSE:SNDR) announced its earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02), Briefing.com reports. Schneider National had a net margin of 2.95% and a return on equity of 5.55%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Schneider National updated its FY24 guidance to $0.85-1.00 EPS.

Schneider National Price Performance

NYSE:SNDR traded up $0.50 during midday trading on Friday, hitting $22.02. The company had a trading volume of 1,423,880 shares, compared to its average volume of 818,371. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.74. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $22.17 and its 200-day moving average price is $23.53. The company has a market capitalization of $3.88 billion, a PE ratio of 25.02, a P/E/G ratio of 1.44 and a beta of 0.91.

Schneider National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Friday, June 7th. Schneider National’s dividend payout ratio (DPR) is currently 43.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Susquehanna reduced their target price on Schneider National from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Stifel Nicolaus lowered their price objective on shares of Schneider National from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Bank of America reduced their target price on shares of Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. TD Cowen lowered their price target on shares of Schneider National from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday. Finally, 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Schneider National currently has a consensus rating of “Hold” and a consensus 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.