Wall Street analysts expect Schneider National Inc (NYSE:SNDR) to report sales of $1.10 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Schneider National’s earnings, with estimates ranging from $1.05 billion to $1.13 billion. Schneider National posted sales of $1.01 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The company is expected to announce its next earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that Schneider National will report full year sales of $4.84 billion for the current fiscal year, with estimates ranging from $4.68 billion to $4.94 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.16 billion per share, with estimates ranging from $5.04 billion to $5.27 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Schneider National.
Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Schneider National had a return on equity of 10.24% and a net margin of 8.89%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis.
Several equities research analysts have recently weighed in on the company. Stephens reiterated a “hold” rating and issued a $29.00 price objective on shares of Schneider National in a research note on Friday, February 2nd. Robert W. Baird reiterated a “buy” rating and issued a $32.00 price objective on shares of Schneider National in a research note on Friday, February 2nd. Bank of America upped their price objective on Schneider National from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley upped their price objective on Schneider National from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Finally, Credit Suisse Group upped their price objective on Schneider National from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $29.80.
Shares of SNDR stock traded up $0.56 during trading hours on Friday, hitting $27.80. The company had a trading volume of 626,956 shares, compared to its average volume of 675,660. Schneider National has a 12 month low of $17.69 and a 12 month high of $30.00. The firm has a market cap of $4,787.29 and a P/E ratio of 29.57. The company has a current ratio of 2.37, a quick ratio of 2.19 and a debt-to-equity ratio of 0.22.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 9th. Investors of record on Thursday, March 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This is a positive change from Schneider National’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. Schneider National’s dividend payout ratio is 25.53%.
In related news, CFO Lori A. Lutey sold 70,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $28.11, for a total transaction of $1,967,700.00. Following the sale, the chief financial officer now directly owns 515,838 shares in the company, valued at approximately $14,500,206.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 43.46% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Delek Group Ltd. bought a new stake in Schneider National during the 4th quarter worth approximately $10,542,000. MetLife Investment Advisors LLC bought a new stake in Schneider National during the 4th quarter worth approximately $551,000. Macquarie Group Ltd. grew its position in Schneider National by 6.9% during the 4th quarter. Macquarie Group Ltd. now owns 96,035 shares of the company’s stock worth $2,743,000 after acquiring an additional 6,190 shares during the last quarter. Verition Fund Management LLC bought a new stake in Schneider National during the 4th quarter worth approximately $232,000. Finally, 1492 Capital Management LLC bought a new stake in Schneider National during the 4th quarter worth approximately $727,000. Institutional investors and hedge funds own 24.37% of the company’s stock.
Schneider National Company Profile
Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.
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