Schneider National (NYSE:SNDR) Issues Quarterly Earnings Results

Schneider National (NYSE:SNDRGet Rating) announced its earnings results on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03, MarketWatch Earnings reports. Schneider National had a net margin of 7.23% and a return on equity of 18.06%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $0.31 EPS. The company’s revenue was up 18.4% on a year-over-year basis. Schneider National updated its FY22 guidance to $2.55-2.70 EPS.

SNDR stock opened at $23.37 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.81 and a quick ratio of 1.77. Schneider National has a 52-week low of $20.48 and a 52-week high of $27.50. The company has a 50-day moving average of $24.54 and a two-hundred day moving average of $25.25. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 4.01 and a beta of 0.97.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Friday, June 10th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, June 9th. Schneider National’s dividend payout ratio (DPR) is 14.04%.

In related news, EVP David L. Geyer sold 16,000 shares of the stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $24.71, for a total value of $395,360.00. Following the completion of the sale, the executive vice president now owns 100,096 shares in the company, valued at $2,473,372.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Shaleen Devgun sold 11,748 shares of the stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $26.82, for a total transaction of $315,081.36. The disclosure for this sale can be found here. Insiders have sold 59,748 shares of company stock valued at $1,536,681 over the last 90 days. Corporate insiders own 32.97% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY bought a new position in Schneider National during the fourth quarter worth about $28,000. Boston Private Wealth LLC bought a new position in Schneider National during the fourth quarter worth about $292,000. NewEdge Advisors LLC bought a new position in Schneider National during the fourth quarter worth about $350,000. Penserra Capital Management LLC bought a new position in Schneider National during the fourth quarter worth about $583,000. Finally, LPL Financial LLC bought a new position in shares of Schneider National in the fourth quarter valued at approximately $712,000. 26.94% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on SNDR shares. Zacks Investment Research downgraded shares of Schneider National from a “strong-buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research note on Monday, March 14th. Bank of America downgraded shares of Schneider National from a “buy” rating to an “underperform” rating and set a $23.00 price target on the stock. in a research note on Friday, April 8th. JPMorgan Chase & Co. dropped their price target on shares of Schneider National from $27.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, April 8th. Wells Fargo & Company upped their price objective on shares of Schneider National from $22.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday, February 4th. Finally, Stephens upped their price objective on shares of Schneider National from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, February 4th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Schneider National has an average rating of “Hold” and an average price target of $28.26.

Schneider National Company Profile (Get Rating)

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. The company operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers standard long-haul and regional shipping services primarily through dry van, bulk, temperature-controlled, and flat-bed equipment, as well as cross dock and customized solutions for time-sensitive loads.

Further Reading

Earnings History for Schneider National (NYSE:SNDR)

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