Schneider National Inc (NASDAQ:SNDR) Releases Quarterly Earnings Results, Hits Expectations

Schneider National Inc (NASDAQ:SNDR) issued its earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23, Morningstar.com reports. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Schneider National updated its FY17 guidance to $0.94-1.02 EPS.

Shares of Schneider National (NASDAQ SNDR) opened at 21.36 on Friday. Schneider National has a one year low of $17.69 and a one year high of $23.12. The company’s 50-day moving average price is $21.42 and its 200 day moving average price is $20.36. The stock has a market capitalization of $3.78 billion and a PE ratio of 1.38.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Wednesday, September 20th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, September 19th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. bought a new position in Schneider National during the second quarter valued at approximately $37,752,000. Peregrine Capital Management LLC bought a new position in Schneider National during the second quarter valued at approximately $24,299,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Schneider National during the second quarter valued at about $766,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Schneider National during the second quarter valued at about $2,024,000. Finally, Spark Investment Management LLC acquired a new position in shares of Schneider National during the second quarter valued at about $872,000.

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A number of research firms recently issued reports on SNDR. UBS AG began coverage on Schneider National in a research note on Monday, May 1st. They set a “buy” rating and a $24.00 price objective on the stock. Bank of America Corporation assumed coverage on Schneider National in a research note on Monday, May 1st. They set a “buy” rating and a $23.00 price objective on the stock. Wells Fargo & Company assumed coverage on Schneider National in a research note on Monday, May 1st. They issued an “outperform” rating on the stock. J P Morgan Chase & Co assumed coverage on Schneider National in a research note on Monday, May 1st. They issued an “overweight” rating and a $22.00 target price on the stock. Finally, Credit Suisse Group assumed coverage on Schneider National in a research note on Monday, May 1st. They issued an “outperform” rating and a $24.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.63.

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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