Schneider National (NYSE:SNDR) Issues FY24 Earnings Guidance

Schneider National (NYSE:SNDR) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $0.66-0.72 for the period, compared to the consensus EPS 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. The stock had a trading volume of 827,836 shares, compared to its average volume of 825,786. The business’s 50 day moving average is $27.90 and its 200-day moving average is $25.26. Schneider National has a 52 week low of $20.50 and a 52 week high of $31.71. 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 company has a market cap of $5.51 billion, a P/E ratio of 50.76, a PEG ratio of 3.10 and a beta of 0.85.

Schneider National (NYSE:SNDR) last issued 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 business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. As a group, analysts predict that Schneider National will post 0.83 EPS for the current year.

Schneider National Dividend Announcement

The firm 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 is Friday, December 13th. Schneider National’s dividend payout ratio (DPR) is 61.29%.

Analysts Set New Price Targets

A number of analysts have recently commented on SNDR shares. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $30.00 to $29.00 and set a “neutral” rating for the company in a research note 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 report on Thursday, August 8th. The Goldman Sachs Group dropped their price target on Schneider National from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI reduced their price objective on Schneider National from $27.00 to $26.00 and set an “in-line” rating for the company in a research report on Thursday. Finally, Citigroup began coverage on Schneider National in a research report on Wednesday, October 9th. They issued a “neutral” rating and a $29.00 target price on the stock. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.