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

Schneider National (NYSE:SNDR) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.800-0.900 for the period, compared to the consensus EPS estimate of 0.810. The company issued revenue guidance of -. Schneider National also updated its FY24 guidance to $0.80-0.90 EPS.

Wall Street Analysts Forecast Growth

SNDR has been the topic of several research analyst reports. Benchmark reaffirmed a buy rating and issued a $27.00 price objective on shares of Schneider National in a research note on Tuesday, July 2nd. Raymond James began coverage on shares of Schneider National in a report on Wednesday, May 15th. They set a market perform rating on the stock. UBS Group upped their price objective on shares of Schneider National from $26.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. Wells Fargo & Company began coverage on shares of Schneider National in a research report on Friday, June 7th. They set an equal weight rating and a $23.00 price objective for the company. Finally, TD Cowen lowered their price objective on shares of Schneider National from $26.00 to $25.00 and set a buy rating for the company in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $27.87.

Schneider National Stock Up 4.0 %

SNDR traded up $1.07 during trading on Thursday, hitting $27.98. 496,586 shares of the company’s stock were exchanged, compared to its average volume of 892,523. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $23.48 and its two-hundred day moving average is $23.08. Schneider National has a fifty-two week low of $20.50 and a fifty-two week high of $31.74. The stock has a market cap of $4.91 billion, a P/E ratio of 32.14, a PEG ratio of 2.45 and a beta of 0.85.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.36 billion. Schneider National had a return on equity of 5.55% and a net margin of 2.95%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, equities analysts expect that Schneider National will post 0.86 earnings per share for the current fiscal 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 issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.36%. Schneider National’s dividend payout ratio is currently 43.18%.

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.