Stock Repurchase Program Announced by Schneider National (NYSE:SNDR) Board

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SNDR shares. Bank of America upgraded Schneider National from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Friday, January 9th. Citigroup raised their price target on Schneider National from $23.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. lifted their price target on Schneider National from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Schneider National in a research report on Monday, December 29th. Finally, Stifel Nicolaus lifted their target price on shares of Schneider National from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.80.

Schneider National Trading Up 2.3%

Schneider National stock traded up $0.68 during mid-day trading on Wednesday, hitting $30.23. The company’s stock had a trading volume of 886,698 shares, compared to its average volume of 713,354. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 47.23, a price-to-earnings-growth ratio of 0.75 and a beta of 1.08. The business has a 50 day moving average price of $26.82 and a 200-day moving average price of $24.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.11 and a quick ratio of 1.93. Schneider National has a 12 month low of $20.11 and a 12 month high of $30.98.

Schneider National (NYSE:SNDR) last issued 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). Schneider National had a net margin of 2.03% and a return on equity of 4.04%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company’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. As a group, analysts forecast that Schneider National will post 1.12 EPS for the current year.

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.