Schneider National (NYSE:SNDR) Releases FY24 Earnings Guidance

Schneider National (NYSE:SNDR - Get Free Report) 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.

Schneider National Stock Up 2.1 %

Shares of NYSE:SNDR traded up $0.44 during trading on Thursday, hitting $21.52. 1,023,463 shares of the company were exchanged, compared to its average volume of 838,717. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.38 and a beta of 0.91. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $31.74. The firm has a fifty day moving average price of $22.25 and a two-hundred day moving average price of $23.58. 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 (NYSE:SNDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The firm's revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. As a group, research analysts anticipate that Schneider National will post 1.09 earnings per share for the current fiscal year.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Friday, June 7th will be paid 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 dividend yield of 1.77%. Schneider National's dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Benchmark reiterated a buy rating and set a $27.00 target price on shares of Schneider National in a research note on Friday, April 12th. Stephens reiterated an equal weight rating and set a $28.00 target price on shares of Schneider National in a research note on Monday, February 5th. Susquehanna reduced their target price on Schneider National from $27.00 to $25.00 and set a neutral rating for the company in a research note on Monday, March 25th. Stifel Nicolaus reduced their target price on 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, Evercore ISI downgraded Schneider National from an outperform rating to an inline rating and set a $25.00 price target for the company. in a research note on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Schneider National currently has an average rating of Hold and an average price target of $28.07.

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.