Wall Street brokerages predict that Schneider National Inc (NYSE:SNDR) will announce $1.23 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Schneider National’s earnings, with the lowest sales estimate coming in at $1.20 billion and the highest estimate coming in at $1.25 billion. Schneider National reported sales of $1.32 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.8%. The firm is expected to report its next earnings results on Thursday, January 30th.
According to Zacks, analysts expect that Schneider National will report full-year sales of $4.81 billion for the current fiscal year, with estimates ranging from $4.77 billion to $4.84 billion. For the next year, analysts forecast that the firm will report sales of $4.85 billion, with estimates ranging from $4.71 billion to $4.98 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Schneider National.
Schneider National (NYSE:SNDR) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). Schneider National had a net margin of 3.58% and a return on equity of 11.12%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis.
A number of equities analysts have recently weighed in on SNDR shares. UBS Group set a $26.00 price target on shares of Schneider National and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley set a $32.00 price objective on Schneider National and gave the company a “buy” rating in a research report on Friday, November 1st. Credit Suisse Group set a $21.00 target price on Schneider National and gave the company a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research raised Schneider National from a “strong sell” rating to a “hold” rating and set a $20.00 target price on the stock in a research report on Wednesday, November 6th. Finally, Citigroup raised Schneider National from a “neutral” rating to a “buy” rating and raised their price target for the stock from $22.00 to $23.00 in a research note on Tuesday, September 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Schneider National has an average rating of “Buy” and an average target price of $24.75.
In related news, VP Amy G. Schilling sold 8,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $23.99, for a total value of $191,920.00. 28.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. bought a new position in Schneider National in the 3rd quarter worth $27,000. Point72 Asset Management L.P. increased its stake in shares of Schneider National by 21.7% in the third quarter. Point72 Asset Management L.P. now owns 2,800 shares of the company’s stock worth $61,000 after purchasing an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Schneider National in the second quarter worth about $64,000. Commonwealth Bank of Australia lifted its position in shares of Schneider National by 57.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 6,000 shares of the company’s stock worth $109,000 after purchasing an additional 2,200 shares during the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new position in shares of Schneider National during the 2nd quarter worth about $187,000. 23.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:SNDR remained flat at $$22.25 during trading on Friday. 217,700 shares of the company’s stock were exchanged, compared to its average volume of 672,226. The company has a fifty day simple moving average of $23.01 and a two-hundred day simple moving average of $20.36. The company has a current ratio of 2.19, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. Schneider National has a 52 week low of $16.59 and a 52 week high of $24.38. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 5.55 and a beta of 1.59.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. Schneider National’s dividend payout ratio is currently 15.48%.
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, first to final mile delivery, and customized solutions for time-sensitive loads.
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