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

Schneider National (NYSE:SNDR) released its quarterly earnings data on Thursday. The company reported $0.11 earnings per share 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 business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the business earned $0.55 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. Schneider National updated its FY24 guidance to $0.85-1.00 EPS.

Schneider National Price Performance

SNDR opened at $22.02 on Friday. The stock has a market capitalization of $3.88 billion, a P/E ratio of 25.02, a PEG ratio of 1.47 and a beta of 0.91. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.07. Schneider National has a 12-month low of $20.50 and a 12-month high of $31.74. The stock has a 50-day moving average price of $22.17 and a 200-day moving average price of $23.53.

Schneider National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders 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 annualized dividend and a yield of 1.73%. Schneider National’s payout ratio is presently 43.18%.

Analyst Ratings Changes

A number of research analysts have recently commented on SNDR shares. Stephens reiterated an “equal weight” rating and issued a $28.00 price target on shares of Schneider National in a research note on Monday, February 5th. Susquehanna reduced 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. Bank of America lowered their price objective on Schneider National from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Robert W. Baird dropped 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 note on Thursday, April 4th. Finally, Benchmark restated a “buy” rating and issued a $27.00 price objective on shares of Schneider National in a report on Friday. 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 presently has an average rating of “Hold” and an average target price 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.