Schneider National (NYSE:SNDR) Updates FY24 Earnings Guidance

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

Schneider National Stock Up 3.1 %

Shares of NYSE:SNDR traded up $0.96 during midday trading on Friday, hitting $31.47. 827,836 shares of the company’s stock were exchanged, compared to its average volume of 825,786. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. Schneider National has a 12 month low of $20.50 and a 12 month high of $31.71. The company has a market cap of $5.51 billion, a PE ratio of 50.76, a price-to-earnings-growth ratio of 3.10 and a beta of 0.85. The stock has a 50 day moving average price of $27.90 and a 200-day moving average price of $25.26.

Schneider National (NYSE:SNDR) last announced its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). Schneider National had a net margin of 2.10% and a return on equity of 3.92%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. On average, sell-side analysts anticipate that Schneider National will post 0.83 EPS for the current fiscal year.

Schneider National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 13th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, December 13th. Schneider National’s dividend payout ratio is currently 61.29%.

Analysts Set New Price Targets

Several research analysts have commented on SNDR shares. Benchmark upped their price objective on shares of Schneider National from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Evercore ISI lowered their price objective on shares of Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday. Susquehanna reduced their target price on Schneider National from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday. Stifel Nicolaus cut Schneider National from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Thursday, August 8th. Finally, Citigroup initiated coverage on Schneider National in a research report on Wednesday, October 9th. They set a “neutral” rating and a $29.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.08.

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.