Schneider National (NYSE:SNDR) Releases FY24 Earnings Guidance

Schneider National (NYSE:SNDR) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $0.66-0.72 for the period, compared to the consensus EPS estimate of $0.82. Schneider National also updated its FY 2024 guidance to 0.660-0.720 EPS.

Schneider National Price Performance

Shares of SNDR traded up $0.96 during midday trading on Friday, hitting $31.47. The company’s stock had a trading volume of 827,836 shares, compared to its average volume of 825,786. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. Schneider National has a one year low of $20.50 and a one year high of $31.71. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.85. The company’s fifty day simple moving average is $27.90 and its two-hundred day simple moving average is $25.26.

Schneider National (NYSE:SNDR) last posted its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. As a group, equities analysts expect that Schneider National will post 0.83 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.21%. Schneider National’s dividend payout ratio (DPR) is presently 61.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SNDR shares. Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a report on Thursday, August 8th. Susquehanna cut their target price on shares of Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday. The Goldman Sachs Group dropped their price target on shares of Schneider National from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Citigroup initiated coverage on shares of Schneider National in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.08.

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.