Schneider National (NYSE:SNDR) Shares Gap Up After Earnings Beat

Schneider National, Inc. (NYSE:SNDR)’s share price gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $21.49, but opened at $23.20. Schneider National shares last traded at $21.75, with a volume of 54,650 shares traded.

The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Schneider National had a return on equity of 4.12% and a net margin of 2.21%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $0.11 earnings per share. Schneider National’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Schneider National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, June 13th. Schneider National’s dividend payout ratio (DPR) is presently 58.46%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SNDR. Bank of America reiterated a “neutral” rating and issued a $25.00 price objective (down previously from $34.00) on shares of Schneider National in a research report on Friday, March 28th. UBS Group lowered their price target on Schneider National from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI dropped their price objective on Schneider National from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Friday. Stephens reiterated an “equal weight” rating and set a $30.00 target price (down previously from $32.00) on shares of Schneider National in a research report on Monday, February 3rd. Finally, Benchmark cut their price target on shares of Schneider National from $34.00 to $31.00 and set a “buy” rating for the company in a report on Monday, April 14th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.43.

Institutional Investors Weigh In On Schneider National

A number of large investors have recently made changes to their positions in SNDR. KBC Group NV purchased a new stake in shares of Schneider National during the 1st quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in shares of Schneider National by 52.6% during the 4th quarter. GAMMA Investing LLC now owns 1,306 shares of the company’s stock worth $38,000 after purchasing an additional 450 shares during the period. Huntington National Bank increased its position in shares of Schneider National by 237.9% during the 4th quarter. Huntington National Bank now owns 1,416 shares of the company’s stock worth $41,000 after purchasing an additional 997 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Schneider National by 74.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,434 shares of the company’s stock worth $42,000 after purchasing an additional 612 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Schneider National by 489.1% in the 4th quarter. Blue Trust Inc. now owns 1,626 shares of the company’s stock valued at $46,000 after buying an additional 1,350 shares during the period. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Schneider National Trading Up 4.3 %

The company’s 50 day simple moving average is $23.22 and its two-hundred day simple moving average is $27.46. The company has a market cap of $4.00 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 0.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.66 and a quick ratio of 1.53.

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.