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

Schneider National (NYSE:SNDR) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.660-0.720 for the period, compared to the consensus EPS estimate of 0.820. The company issued revenue guidance of -. Schneider National also updated its FY24 guidance to $0.66-0.72 EPS.

Schneider National Stock Up 3.1 %

Shares of NYSE:SNDR opened at $31.47 on Friday. The business has a 50-day moving average price of $27.99 and a 200 day moving average price of $25.34. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 50.76, a PEG ratio of 3.10 and a beta of 0.85. Schneider National has a 12-month low of $20.50 and a 12-month high of $31.71.

Schneider National (NYSE:SNDR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Schneider National had a return on equity of 3.92% and a net margin of 2.10%. Sell-side analysts expect that Schneider National will post 0.83 EPS for the current 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 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, December 13th. Schneider National’s dividend payout ratio is currently 61.29%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna lowered their price objective on Schneider National from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup initiated coverage on Schneider National in a report on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 price objective for the company. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and increased their price objective for the company from $27.00 to $34.00 in a report on Thursday. Evercore ISI decreased their price target on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a report on Thursday. Finally, TD Cowen increased their price target on Schneider National from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.