Schneider National (NYSE:SNDR) Shares Gap Down After Earnings Miss

Schneider National, Inc. (NYSE:SNDR)’s stock price gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $22.63, but opened at $21.13. Schneider National shares last traded at $20.80, with a volume of 103,615 shares traded.

The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.09). Schneider National had a net margin of 2.29% and a return on equity of 4.39%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS.

Schneider National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Friday, December 12th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, December 12th. Schneider National’s dividend payout ratio (DPR) is currently 54.29%.

Analysts Set New Price Targets

SNDR has been the topic of several analyst reports. Susquehanna lowered their target price on Schneider National from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Schneider National in a research note on Wednesday, October 8th. Evercore ISI dropped their price objective on Schneider National from $24.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 30th. Zacks Research downgraded Schneider National from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, UBS Group downgraded Schneider National from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $26.00 in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.00.

Insider Activity

In related news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $24.36, for a total value of $891,478.56. Following the transaction, the executive vice president directly owned 72,870 shares in the company, valued at $1,775,113.20. The trade was a 33.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 32.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Schneider National

A number of hedge funds have recently modified their holdings of SNDR. WPG Advisers LLC acquired a new position in shares of Schneider National in the 1st quarter worth $25,000. KBC Group NV purchased a new position in shares of Schneider National during the first quarter valued at $28,000. Quarry LP purchased a new position in shares of Schneider National during the first quarter valued at $32,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Schneider National during the second quarter valued at $37,000. Finally, CWM LLC grew its holdings in shares of Schneider National by 103.4% during the first quarter. CWM LLC now owns 3,513 shares of the company’s stock valued at $80,000 after buying an additional 1,786 shares in the last quarter. 28.54% of the stock is currently owned by institutional investors and hedge funds.

Schneider National Stock Down 10.3%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.77. The firm has a market cap of $3.56 billion, a PE ratio of 29.01, a P/E/G ratio of 0.73 and a beta of 1.06. The business has a fifty day moving average price of $23.11 and a two-hundred day moving average price of $23.76.

About Schneider National

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.