Wall Street brokerages expect Schneider National Inc (NYSE:SNDR) to announce sales of $1.26 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Schneider National’s earnings, with the highest sales estimate coming in at $1.29 billion and the lowest estimate coming in at $1.23 billion. Schneider National reported sales of $1.11 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13.5%. The business is scheduled to report its next earnings results on Tuesday, November 6th.
On average, analysts expect that Schneider National will report full year sales of $4.96 billion for the current fiscal year, with estimates ranging from $4.87 billion to $5.02 billion. For the next financial year, analysts expect that the firm will report sales of $5.34 billion per share, with estimates ranging from $5.18 billion to $5.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Schneider National.
Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. Schneider National had a net margin of 9.28% and a return on equity of 11.61%. Schneider National’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS.
A number of brokerages have recently weighed in on SNDR. Morgan Stanley upped their price target on shares of Schneider National from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. ValuEngine lowered shares of Schneider National from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Bank of America lowered shares of Schneider National from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $35.00 to $27.00 in a research note on Thursday, August 9th. Stifel Nicolaus upped their price target on shares of Schneider National from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research raised shares of Schneider National from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, September 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.67.
In related news, COO Mark B. Rourke sold 30,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $27.50, for a total transaction of $825,000.00. Following the completion of the sale, the chief operating officer now directly owns 608,291 shares of the company’s stock, valued at $16,728,002.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James R. Giertz bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were acquired at an average cost of $26.92 per share, with a total value of $107,680.00. Following the completion of the purchase, the director now owns 12,237 shares of the company’s stock, valued at $329,420.04. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 90,000 shares of company stock valued at $2,434,800. Company insiders own 43.46% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in Schneider National by 20.2% during the second quarter. Morgan Stanley now owns 3,728,025 shares of the company’s stock valued at $102,558,000 after purchasing an additional 626,317 shares during the last quarter. BlackRock Inc. lifted its stake in Schneider National by 0.3% during the first quarter. BlackRock Inc. now owns 2,345,825 shares of the company’s stock valued at $61,133,000 after purchasing an additional 6,542 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in Schneider National during the first quarter valued at approximately $44,209,000. Foresters Investment Management Company Inc. lifted its stake in Schneider National by 0.5% during the first quarter. Foresters Investment Management Company Inc. now owns 1,522,600 shares of the company’s stock valued at $39,679,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new stake in Schneider National during the second quarter valued at approximately $37,137,000. 24.09% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SNDR traded down $0.10 during trading on Friday, reaching $26.82. The company had a trading volume of 372,336 shares, compared to its average volume of 423,767. The firm has a market cap of $4.83 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.38 and a beta of 0.87. Schneider National has a twelve month low of $23.00 and a twelve month high of $30.52. The company has a current ratio of 2.41, a quick ratio of 2.27 and a debt-to-equity ratio of 0.21.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 8th. Stockholders of record on Friday, September 14th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, September 13th. Schneider National’s dividend payout ratio is currently 25.53%.
About Schneider National
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
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