Schneider National (NYSE:SNDR) to Repurchase $150.00 million in Outstanding Stock

Schneider National (NYSE:SNDR) announced that its board has approved a share repurchase program on Wednesday, January 28th, RTT News reports. The company plans to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Schneider National Stock Up 2.3%

Shares of SNDR opened at $30.23 on Thursday. The company has a quick ratio of 1.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.17. Schneider National has a 52-week low of $20.11 and a 52-week high of $30.98. The company has a market cap of $5.30 billion, a PE ratio of 47.23, a P/E/G ratio of 0.75 and a beta of 1.08. The business has a fifty day moving average of $26.82 and a 200 day moving average of $24.64.

Schneider National (NYSE:SNDR) last announced its earnings results on Thursday, October 30th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Schneider National had a net margin of 2.03% and a return on equity of 4.04%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, sell-side analysts expect that Schneider National will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SNDR shares. JPMorgan Chase & Co. raised their price target on Schneider National from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Wells Fargo & Company raised their target price on shares of Schneider National from $23.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Citigroup upped their price target on shares of Schneider National from $23.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Stifel Nicolaus lifted their price objective on shares of Schneider National from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Raymond James Financial upgraded shares of Schneider National from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $28.80.

Schneider National Company Profile

Schneider National, Inc is a leading provider of transportation and logistics services in North America. The company offers a full spectrum of solutions, including truckload transportation, intermodal services and dedicated logistics. Through these offerings, Schneider supports the movement of goods ranging from dry van freight to refrigerated and flatbed shipments, while also providing customized supply chain management and warehousing capabilities.

Founded in 1935 by Al Schneider as a single-truck operation in Green Bay, Wisconsin, the company has grown into one of the industry’s most recognized carriers.