Schneider National (NYSE:SNDR) Sets New 52-Week Low on Disappointing Earnings

Schneider National, Inc. (NYSE:SNDR) shares reached a new 52-week low during mid-day trading on Friday following a dissappointing earnings announcement. The stock traded as low as $20.22 and last traded at $20.3050, with a volume of 1692585 shares changing hands. The stock had previously closed at $22.63.

The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Schneider National had a net margin of 2.03% and a return on equity of 4.04%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Schneider National has set its FY 2025 guidance at 0.700-0.950 EPS.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, December 12th. Schneider National’s dividend payout ratio (DPR) is currently 54.29%.

Analyst Upgrades and Downgrades

SNDR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Schneider National from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday. National Bankshares set a $21.00 price target on shares of Schneider National in a research note on Friday. Stifel Nicolaus upgraded shares of Schneider National from a “hold” rating to a “buy” rating and reduced their price target for the stock from $26.00 to $25.00 in a research note on Friday, October 3rd. Citigroup dropped their price objective on shares of Schneider National from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Evercore ISI dropped their price objective on shares of Schneider National from $22.00 to $21.00 and set an “in-line” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.79.

Insiders Place Their Bets

In other Schneider National news, EVP Thomas G. Jackson sold 36,596 shares of Schneider National stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $24.36, for a total transaction of $891,478.56. Following the transaction, the executive vice president owned 72,870 shares of the company’s stock, valued at $1,775,113.20. The trade was a 33.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Schneider National

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Schneider National by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,843 shares of the company’s stock worth $408,000 after buying an additional 1,474 shares in the last quarter. New York State Teachers Retirement System increased its position in Schneider National by 33.6% in the first quarter. New York State Teachers Retirement System now owns 18,447 shares of the company’s stock worth $422,000 after purchasing an additional 4,637 shares during the last quarter. Invesco Ltd. increased its position in Schneider National by 1.5% in the first quarter. Invesco Ltd. now owns 580,860 shares of the company’s stock worth $13,273,000 after purchasing an additional 8,677 shares during the last quarter. Jump Financial LLC bought a new stake in Schneider National in the first quarter worth $963,000. Finally, Dimensional Fund Advisors LP increased its position in Schneider National by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,616,682 shares of the company’s stock worth $105,489,000 after purchasing an additional 206,582 shares during the last quarter. Hedge funds and other institutional investors own 28.54% of the company’s stock.

Schneider National Price Performance

The firm’s 50-day moving average is $23.04 and its two-hundred day moving average is $23.75. The company has a market cap of $3.76 billion, a P/E ratio of 33.51, a PEG ratio of 0.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.11 and a quick ratio of 1.77.

Schneider National Company Profile

Schneider National, Inc, together with its subsidiaries, provides surface transportation and logistics solutions in the United States, Canada, and Mexico. It operates through three segments: Truckload, Intermodal, and Logistics. The Truckload segment offers over the road freight transportation services primarily through dry van, bulk, temperature-controlled, and flat-bed trailers across either network or dedicated configurations.