Schneider National (NYSE:SNDR) Posts Earnings Results

Schneider National (NYSE:SNDR) announced its earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08), FiscalAI reports. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.45 billion. Schneider National had a return on equity of 4.04% and a net margin of 2.03%.

Schneider National Stock Performance

SNDR traded down $0.47 during trading on Thursday, hitting $29.75. The stock had a trading volume of 1,106,877 shares, compared to its average volume of 806,770. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.11 and a quick ratio of 1.93. The company has a 50 day moving average price of $26.82 and a 200-day moving average price of $24.64. Schneider National has a one year low of $20.11 and a one year high of $30.98. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 46.48, a P/E/G ratio of 0.75 and a beta of 1.08.

Schneider National Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from Schneider National’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 13th. Schneider National’s dividend payout ratio is 59.38%.

Analyst Ratings Changes

Several brokerages have recently commented on SNDR. JPMorgan Chase & Co. boosted their target price on Schneider National from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Susquehanna boosted their price target on shares of Schneider National from $19.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Stifel Nicolaus increased their target price on Schneider National from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Wells Fargo & Company increased their target price on shares of Schneider National from $23.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, TD Cowen lowered their target price on Schneider National from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Schneider National has a consensus rating of “Hold” and a consensus price target of $28.80.

Institutional Trading of Schneider National

A number of institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Schneider National by 2,425.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after buying an additional 1,625 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Schneider National during the 3rd quarter valued at $240,000. Woodline Partners LP lifted its position in shares of Schneider National by 6.5% during the 3rd quarter. Woodline Partners LP now owns 469,903 shares of the company’s stock valued at $9,943,000 after acquiring an additional 28,631 shares during the period. PharVision Advisers LLC acquired a new stake in shares of Schneider National during the 3rd quarter worth $438,000. Finally, United Capital Financial Advisors LLC bought a new position in shares of Schneider National in the third quarter worth $289,000. Institutional investors own 28.54% of the company’s stock.

Schneider National announced that its board has authorized a stock buyback program on Wednesday, January 28th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

About Schneider National

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.