Q3 2024 EPS Estimates for Schneider National, Inc. (NYSE:SNDR) Reduced by Analyst

Schneider National, Inc. (NYSE:SNDR) – Investment analysts at Zacks Research lowered their Q3 2024 EPS estimates for shares of Schneider National in a research note issued on Wednesday, August 14th. Zacks Research analyst S. Goswami now expects that the company will earn $0.25 per share for the quarter, down from their previous forecast of $0.29. The consensus estimate for Schneider National’s current full-year earnings is $0.85 per share. Zacks Research also issued estimates for Schneider National’s Q4 2024 earnings at $0.30 EPS, FY2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.36 EPS, FY2025 earnings at $1.36 EPS, Q1 2026 earnings at $0.40 EPS and Q2 2026 earnings at $0.49 EPS.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, August 1st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year.

Other analysts also recently issued research reports about the stock. Raymond James assumed coverage on shares of Schneider National in a report on Wednesday, May 15th. They issued a “market perform” rating for the company. Wells Fargo & Company began coverage on Schneider National in a research note on Friday, June 7th. They set an “equal weight” rating and a $23.00 target price on the stock. TD Cowen dropped their target price on Schneider National from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. UBS Group boosted their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Susquehanna raised their price objective on shares of Schneider National from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Schneider National Price Performance

Schneider National stock opened at $26.79 on Friday. The company’s 50 day simple moving average is $24.65 and its 200-day simple moving average is $23.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. Schneider National has a 1 year low of $20.50 and a 1 year high of $30.09. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 2.45 and a beta of 0.85.

Hedge Funds Weigh In On Schneider National

Several hedge funds have recently added to or reduced their stakes in SNDR. International Assets Investment Management LLC boosted its holdings in shares of Schneider National by 2,156.3% in the 4th quarter. International Assets Investment Management LLC now owns 19,088 shares of the company’s stock valued at $486,000 after buying an additional 18,242 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Schneider National by 213.2% in the fourth quarter. Mackenzie Financial Corp now owns 86,064 shares of the company’s stock valued at $2,190,000 after acquiring an additional 58,584 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Schneider National by 0.9% during the fourth quarter. New York State Common Retirement Fund now owns 996,414 shares of the company’s stock worth $25,359,000 after purchasing an additional 9,159 shares during the last quarter. Alaska Permanent Fund Corp increased its position in shares of Schneider National by 0.5% during the fourth quarter. Alaska Permanent Fund Corp now owns 117,814 shares of the company’s stock worth $2,998,000 after purchasing an additional 619 shares in the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in shares of Schneider National in the 4th quarter valued at about $554,000. 28.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Schneider National news, insider Shaleen Devgun sold 10,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.60, for a total value of $276,000.00. Following the sale, the insider now directly owns 55,726 shares in the company, valued at $1,538,037.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 32.68% of the company’s stock.

Schneider National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 13th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, September 13th. This represents a $0.38 annualized dividend and a dividend yield of 1.42%. Schneider National’s dividend payout ratio (DPR) is currently 43.18%.

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.