Schneider National (NYSE:SNDR) Updates FY 2024 Earnings Guidance

Schneider National (NYSE:SNDR - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.850-1.000 for the period, compared to the consensus estimate of 1.000. The company issued revenue guidance of -.

Schneider National Price Performance

Shares of SNDR stock traded up $0.50 during mid-day trading on Friday, hitting $22.02. 1,423,879 shares of the stock were exchanged, compared to its average volume of 845,521. Schneider National has a 52-week low of $20.50 and a 52-week high of $31.74. The company has a quick ratio of 1.64, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.88 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.91. The firm has a fifty day moving average of $22.20 and a 200 day moving average of $23.57.

Schneider National (NYSE:SNDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.36 billion. Schneider National had a return on equity of 8.23% and a net margin of 4.34%. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. Research analysts anticipate that Schneider National will post 1.09 earnings per share for the current year.

Schneider National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Friday, June 7th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.73%. The ex-dividend date is Friday, June 7th. Schneider National's payout ratio is presently 28.57%.

Analysts Set New Price Targets

Several analysts have recently issued reports on SNDR shares. Evercore ISI lowered shares of Schneider National from an outperform rating to an inline rating and set a $25.00 target price on the stock. in a research report on Thursday, January 4th. TD Cowen cut their price objective on Schneider National from $26.00 to $25.00 and set a buy rating for the company in a research note on Friday. Benchmark restated a buy rating and issued a $27.00 target price on shares of Schneider National in a research report on Friday. Stifel Nicolaus dropped their price target on Schneider National from $27.00 to $25.00 and set a buy rating for the company in a research report on Thursday, April 18th. Finally, Stephens restated an equal weight rating and issued a $28.00 price objective on shares of Schneider National in a report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $28.00.

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.