Schneider National (NYSE:SNDR) Issues FY24 Earnings Guidance

Schneider National (NYSE:SNDR - Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.66-0.72 for the period, compared to the consensus estimate of $0.82. Schneider National also updated its FY 2024 guidance to 0.660-0.720 EPS.

Schneider National Price Performance

SNDR stock traded up $1.36 during mid-day trading on Wednesday, hitting $30.44. 1,190,815 shares of the stock were exchanged, compared to its average volume of 824,301. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.59 and a quick ratio of 1.46. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 2.90 and a beta of 0.85. The business has a fifty day moving average price of $27.75 and a 200 day moving average price of $25.19. Schneider National has a 12 month low of $20.50 and a 12 month high of $30.90.

Schneider National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, December 13th. Schneider National's dividend payout ratio is presently 58.46%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SNDR. Citigroup began coverage on Schneider National in a research note on Wednesday, October 9th. They set a "neutral" rating and a $29.00 price objective for the company. UBS Group boosted their price objective on shares of Schneider National from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, July 9th. Benchmark increased their target price on shares of Schneider National from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Susquehanna upped their price target on Schneider National from $25.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. Finally, Evercore ISI cut their price objective on Schneider National from $28.00 to $27.00 and set an "in-line" rating on the stock in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $27.08.

About Schneider National

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.