Schneider National (NYSE:SNDR) Updates FY24 Earnings Guidance

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

Wall Street Analyst Weigh In

SNDR has been the topic of several recent research reports. Susquehanna cut their price target on Schneider National from $27.00 to $25.00 and set a neutral rating on the stock in a report on Monday, March 25th. Robert W. Baird lowered their price target on shares of Schneider National from $29.00 to $27.00 and set an outperform rating for the company in a research report on Thursday, April 4th. TD Cowen cut their price objective on shares of Schneider National from $26.00 to $25.00 and set a buy rating on the stock in a research report on Friday. Stifel Nicolaus reduced their target price on shares of Schneider National from $27.00 to $25.00 and set a buy rating for the company in a research note on Thursday, April 18th. Finally, Stephens reaffirmed an equal weight rating and set a $28.00 price target on shares of Schneider National in a report on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Schneider National has a consensus rating of Hold and an average price target of $28.00.

Schneider National Price Performance

NYSE:SNDR traded up $0.50 during mid-day trading on Friday, reaching $22.02. 1,423,880 shares of the stock were exchanged, compared to its average volume of 818,371. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average price of $22.17 and a 200 day moving average price of $23.50. Schneider National has a 1-year low of $20.50 and a 1-year high of $31.74. The firm has a market capitalization of $3.88 billion, a PE ratio of 25.02, a PEG ratio of 1.47 and a beta of 0.91.

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

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. 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 (DPR) is presently 43.18%.

Schneider National Company Profile

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.