Schneider National (NYSE:SNDR) Issues Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Schneider National reported quarterly EPS of $0.29, missing the $0.30 analyst consensus by $0.01, while revenue of $1.59 billion slightly exceeded estimates of $1.58 billion.
• Shares fell to $29.30 during Thursday trading. The stock has a market capitalization of $5.14 billion and trades below its 52-week high of $39.27.
• The company declared a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 1.4% yield; analysts maintain a consensus “Hold” rating with an average price target of $33.69.

Schneider National (NYSE:SNDR - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01), FiscalAI reports. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. Schneider National had a net margin of 1.92% and a return on equity of 3.89%.

Schneider National Price Performance

Shares of SNDR traded down $0.41 during midday trading on Thursday, hitting $29.30. 1,452,546 shares of the company traded hands, compared to its average volume of 954,832. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.94 and a current ratio of 2.03. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 0.69 and a beta of 1.21. Schneider National has a 52 week low of $20.11 and a 52 week high of $39.27. The firm has a 50 day moving average of $32.69 and a 200-day moving average of $31.89.

Schneider National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 12th. Stockholders of record on Friday, December 11th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Schneider National's dividend payout ratio is 62.50%.

Insider Buying and Selling at Schneider National

In other Schneider National news, insider Mark Rourke sold 52,682 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $35.94, for a total value of $1,893,391.08. Following the completion of the sale, the insider directly owned 221,522 shares of the company's stock, valued at $7,961,500.68. The trade was a 19.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 23.64% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SNDR shares. Wall Street Zen upgraded Schneider National from a "hold" rating to a "buy" rating in a research note on Saturday, October 17th. Susquehanna cut their price target on Schneider National from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Benchmark reissued a "buy" rating on shares of Schneider National in a report on Thursday, July 16th. UBS Group lifted their price objective on Schneider National from $27.00 to $34.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, National Bank Financial set a $38.00 price objective on Schneider National in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $33.69.

About Schneider National

Schneider National, Inc NYSE: SNDR is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.

Schneider's services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.

The company primarily serves customers throughout the United States, Canada, and Mexico.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.