Schneider National Inc (SNDR) Expected to Post Quarterly Sales of $1.10 Billion

Wall Street analysts expect Schneider National Inc (NYSE:SNDR) to post sales of $1.10 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Schneider National’s earnings, with estimates ranging from $1.05 billion to $1.13 billion. Schneider National reported sales of $1.01 billion in the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The business is expected to issue its next quarterly earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Schneider National will report full year sales of $1.10 billion for the current financial year, with estimates ranging from $4.68 billion to $4.94 billion. For the next year, analysts forecast that the business will post sales of $5.16 billion per share, with estimates ranging from $5.04 billion to $5.29 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Schneider National.

Schneider National (NYSE:SNDR) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Schneider National had a return on equity of 10.98% and a net margin of 8.89%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share.

A number of research analysts have issued reports on SNDR shares. Robert W. Baird reissued a “buy” rating and issued a $30.00 target price on shares of Schneider National in a research note on Tuesday, January 9th. Wolfe Research cut Schneider National from a “market perform” rating to an “underperform” rating in a research note on Monday, February 5th. Citigroup cut Schneider National from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. Morgan Stanley boosted their target price on Schneider National from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Finally, BidaskClub cut Schneider National from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Schneider National currently has an average rating of “Buy” and an average target price of $29.70.

Schneider National (SNDR) opened at $26.42 on Wednesday. Schneider National has a 52 week low of $17.69 and a 52 week high of $30.00. The company has a quick ratio of 1.93, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4,670.00 and a PE ratio of 29.03.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.06 per share. This is a boost from Schneider National’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, March 14th. Schneider National’s dividend payout ratio is currently 21.98%.

In other news, CFO Lori A. Lutey sold 70,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $28.11, for a total transaction of $1,967,700.00. Following the completion of the transaction, the chief financial officer now directly owns 515,838 shares of the company’s stock, valued at $14,500,206.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Schneider National during the second quarter worth about $67,293,000. Associated Banc Corp boosted its position in shares of Schneider National by 1.0% during the fourth quarter. Associated Banc Corp now owns 2,532,293 shares of the company’s stock worth $72,322,000 after buying an additional 25,370 shares during the period. BlackRock Inc. boosted its position in shares of Schneider National by 22.8% during the fourth quarter. BlackRock Inc. now owns 2,339,283 shares of the company’s stock worth $66,810,000 after buying an additional 433,852 shares during the period. Virtus Fund Advisers LLC boosted its position in shares of Schneider National by 84.3% during the fourth quarter. Virtus Fund Advisers LLC now owns 1,584,675 shares of the company’s stock worth $45,338,000 after buying an additional 725,025 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Schneider National by 6.0% during the third quarter. Jennison Associates LLC now owns 1,554,066 shares of the company’s stock worth $39,318,000 after buying an additional 88,411 shares during the period. 20.96% of the stock is owned by institutional investors.

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Schneider National Company Profile

Schneider National, Inc is a provider of transportation, logistics and related services. The Company’s transportation solutions include one-way, intermodal, dedicated, bulk, transport management, trans loading services, international services and Schneider payment services. Its supply chain management and consulting services include logistics solution design, global supply chain services, enterprise and market entry assistance, and sourcing and compliance.

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