Brokerages expect Schneider National Inc (NYSE:SNDR) to announce sales of $1.20 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Schneider National’s earnings, with the highest sales estimate coming in at $1.23 billion and the lowest estimate coming in at $1.14 billion. Schneider National reported sales of $1.08 billion during the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The business is scheduled to announce its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Schneider National will report full-year sales of $4.88 billion for the current financial year, with estimates ranging from $4.76 billion to $4.98 billion. For the next financial year, analysts expect that the firm will report sales of $5.25 billion per share, with estimates ranging from $5.10 billion to $5.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Schneider National.
Schneider National (NYSE:SNDR) last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Schneider National had a return on equity of 10.55% and a net margin of 9.19%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business earned $0.15 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Schneider National from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, May 2nd. ValuEngine raised Schneider National from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Credit Suisse Group raised their price objective on Schneider National from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, April 27th. Morgan Stanley raised their price objective on Schneider National from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, April 30th. Finally, Wolfe Research raised Schneider National from an “underperform” rating to a “peer perform” rating in a research note on Monday, April 30th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.25.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Suntrust Banks Inc. grew its holdings in Schneider National by 3.6% in the 1st quarter. Suntrust Banks Inc. now owns 87,619 shares of the company’s stock valued at $2,283,000 after buying an additional 3,021 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Schneider National during the 1st quarter worth approximately $2,212,000. Principal Financial Group Inc. acquired a new stake in shares of Schneider National during the 1st quarter worth approximately $251,000. Millennium Management LLC acquired a new stake in shares of Schneider National during the 1st quarter worth approximately $21,517,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Schneider National during the 1st quarter worth approximately $334,000. 25.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Schneider National traded down $0.01, reaching $27.73, during trading on Thursday, Marketbeat Ratings reports. The company had a trading volume of 838,800 shares, compared to its average volume of 745,534. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 2.42. Schneider National has a one year low of $20.18 and a one year high of $30.52. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 1.50 and a beta of 1.18.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 9th. Shareholders of record on Friday, June 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, June 14th. Schneider National’s dividend payout ratio (DPR) is currently 25.53%.
Schneider National Company Profile
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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