Schneider National (NYSE:SNDR) Announces Quarterly Earnings Results

Schneider National (NYSE:SNDR) announced its quarterly earnings data on Thursday. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01), FiscalAI reports. Schneider National had a net margin of 1.92% and a return on equity of 3.89%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion.

Schneider National Stock Down 1.4%

Schneider National stock traded down $0.41 during trading hours on Thursday, hitting $29.30. The company had a trading volume of 1,452,546 shares, compared to its average volume of 954,832. The firm’s fifty day moving average is $32.69 and its 200-day moving average is $31.89. The firm has a market capitalization of $5.14 billion, a P/E ratio of 45.78, a price-to-earnings-growth ratio of 0.69 and a beta of 1.21. Schneider National has a fifty-two week low of $20.11 and a fifty-two week high of $39.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.94.

Schneider National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 12th. Stockholders of record on Friday, December 11th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Schneider National’s dividend payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SNDR shares. Weiss Ratings upgraded Schneider National from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Schneider National from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Morgan Stanley increased their price objective on shares of Schneider National from $38.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Stephens raised shares of Schneider National to a “hold” rating in a research note on Wednesday, July 8th. Finally, Benchmark restated a “buy” rating on shares of Schneider National in a research note on Thursday, July 16th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.69.

Insider Buying and Selling

In other news, insider Mark Rourke sold 52,682 shares of Schneider National stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $35.94, for a total transaction of $1,893,391.08. Following the completion of the sale, the insider directly owned 221,522 shares in the company, valued at $7,961,500.68. The trade was a 19.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.64% of the stock is owned by company insiders.

Schneider National Company Profile

Schneider National, Inc (NYSE: SNDR) is a transportation and logistics company headquartered in Green Bay, Wisconsin. Founded in 1935 by Al Schneider, the company began as a one-truck operation and has grown into a provider of freight transportation and supply chain services.

Schneider’s services include truckload transportation, dedicated transportation, intermodal transportation, brokerage, and logistics management. Its offerings support a range of shipping needs, including long-haul freight, dedicated fleet operations, rail-connected transportation, port drayage, and supply chain planning.

The company primarily serves customers throughout the United States, Canada, and Mexico.