Schneider National (NYSE:SNDR) Releases Earnings Results

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

Schneider National Trading Down 1.5%

Shares of SNDR traded down $0.47 during trading hours on Thursday, reaching $29.75. 1,106,877 shares of the company traded hands, compared to its average volume of 806,770. The company’s fifty day moving average price is $26.82 and its two-hundred day moving average price is $24.64. The company has a quick ratio of 1.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 46.48, a price-to-earnings-growth ratio of 0.75 and a beta of 1.08. Schneider National has a 12 month low of $20.11 and a 12 month high of $30.98.

Schneider National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 13th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 13th. This is a positive change from Schneider National’s previous quarterly dividend of $0.10. Schneider National’s dividend payout ratio is 59.38%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in Schneider National by 2,425.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,692 shares of the company’s stock valued at $36,000 after acquiring an additional 1,625 shares during the last quarter. Quarry LP increased its stake in shares of Schneider National by 36.7% in the third quarter. Quarry LP now owns 3,404 shares of the company’s stock worth $72,000 after purchasing an additional 913 shares in the last quarter. Brooklyn Investment Group raised its holdings in Schneider National by 159.8% during the third quarter. Brooklyn Investment Group now owns 9,456 shares of the company’s stock valued at $200,000 after acquiring an additional 5,816 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in Schneider National during the 3rd quarter valued at approximately $229,000. Finally, Caxton Associates LLP bought a new stake in shares of Schneider National during the third quarter valued at approximately $240,000. 28.54% of the stock is owned by hedge funds and other institutional investors.

Schneider National announced that its board has authorized a share 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 stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SNDR. Evercore ISI upped their price objective on Schneider National from $21.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 13th. National Bankshares set a $21.00 price objective on Schneider National in a research report on Friday, October 31st. Benchmark restated a “buy” rating on shares of Schneider National in a report on Thursday, January 15th. Bank of America raised shares of 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. Finally, Citigroup lifted their price target on shares of Schneider National from $23.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.80.

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.