Q3 2024 EPS Estimates for Schneider National, Inc. Lowered by Zacks Research (NYSE:SNDR)

Schneider National, Inc. (NYSE:SNDR) – Equities research analysts at Zacks Research cut their Q3 2024 earnings per share estimates for shares of Schneider National in a report released on Wednesday, August 14th. Zacks Research analyst S. Goswami now anticipates that the company will earn $0.25 per share for the quarter, down from their prior forecast of $0.29. The consensus estimate for Schneider National’s current full-year earnings is $0.85 per share. Zacks Research also issued estimates for Schneider National’s Q4 2024 earnings at $0.30 EPS, FY2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.36 EPS, FY2025 earnings at $1.36 EPS, Q1 2026 earnings at $0.40 EPS and Q2 2026 earnings at $0.49 EPS.

Several other brokerages also recently weighed in on SNDR. Bank of America downgraded Schneider National from a “neutral” rating to an “underperform” rating and set a $23.00 target price on the stock. in a research note on Monday, July 22nd. Susquehanna upped their target price on Schneider National from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. UBS Group lifted their price target on Schneider National from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. 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 report on Friday, May 3rd. Finally, Wells Fargo & Company assumed coverage on Schneider National in a report on Friday, June 7th. They set an “equal weight” rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Schneider National has an average rating of “Hold” and an average price target of $27.00.

Schneider National Trading Up 0.3 %

Schneider National stock opened at $26.79 on Friday. Schneider National has a 52-week low of $20.50 and a 52-week high of $30.09. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.45 and a beta of 0.85. The firm has a 50-day moving average price of $24.65 and a two-hundred day moving average price of $23.29.

Schneider National (NYSE:SNDR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. Schneider National had a net margin of 2.18% and a return on equity of 4.08%. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Schneider National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, September 13th. Schneider National’s dividend payout ratio (DPR) is currently 43.18%.

Insider Activity

In related news, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the completion of the transaction, the insider now owns 55,726 shares of the company’s stock, valued at approximately $1,538,037.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Deprince Race & Zollo Inc. acquired a new position in shares of Schneider National in the 2nd quarter valued at about $30,072,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Schneider National during the second quarter valued at approximately $15,216,000. Encompass Capital Advisors LLC acquired a new position in Schneider National in the 2nd quarter valued at approximately $12,376,000. Earnest Partners LLC lifted its position in Schneider National by 25.5% in the 2nd quarter. Earnest Partners LLC now owns 2,166,146 shares of the company’s stock worth $52,334,000 after buying an additional 440,545 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Schneider National during the 4th quarter valued at $11,027,000. 28.54% of the stock is owned by institutional investors and hedge funds.

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.