Zacks: Brokerages Expect Schneider National Inc (SNDR) Will Announce Quarterly Sales of $1.30 Billion

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Wall Street brokerages expect Schneider National Inc (NYSE:SNDR) to announce $1.30 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Schneider National’s earnings, with the highest sales estimate coming in at $1.32 billion and the lowest estimate coming in at $1.30 billion. Schneider National posted sales of $1.24 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The firm is scheduled to report its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Schneider National will report full-year sales of $5.27 billion for the current fiscal year, with estimates ranging from $5.19 billion to $5.30 billion. For the next financial year, analysts forecast that the firm will report sales of $5.55 billion, with estimates ranging from $5.49 billion to $5.61 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Schneider National.

Schneider National (NYSE:SNDR) last issued its earnings results on Thursday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.10). Schneider National had a return on equity of 12.69% and a net margin of 5.13%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year.

A number of analysts have issued reports on the company. UBS Group set a $24.00 target price on Schneider National and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine raised Schneider National from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Bank of America raised Schneider National from an “underperform” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday, February 4th. Zacks Investment Research downgraded Schneider National from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Finally, Stephens set a $25.00 price objective on Schneider National and gave the stock a “buy” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.20.

Shares of SNDR traded down $0.51 during midday trading on Thursday, reaching $18.98. The company had a trading volume of 710,152 shares, compared to its average volume of 619,627. Schneider National has a 1-year low of $17.56 and a 1-year high of $30.52. The company has a market capitalization of $3.36 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.45. The company has a quick ratio of 2.02, a current ratio of 2.10 and a debt-to-equity ratio of 0.15.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 14th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, June 13th. Schneider National’s dividend payout ratio is currently 15.48%.

In other news, CEO Christopher B. Lofgren sold 245,995 shares of Schneider National stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $21.52, for a total value of $5,293,812.40. Following the completion of the transaction, the chief executive officer now owns 1,378,534 shares in the company, valued at approximately $29,666,051.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher B. Lofgren sold 54,005 shares of Schneider National stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $22.02, for a total value of $1,189,190.10. Following the completion of the transaction, the chief executive officer now owns 1,425,042 shares of the company’s stock, valued at approximately $31,379,424.84. The disclosure for this sale can be found here. Insiders own 28.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SNDR. Bank of New York Mellon Corp boosted its stake in shares of Schneider National by 20.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 363,973 shares of the company’s stock valued at $9,093,000 after buying an additional 60,536 shares during the period. AQR Capital Management LLC boosted its stake in shares of Schneider National by 20.8% in the 3rd quarter. AQR Capital Management LLC now owns 19,725 shares of the company’s stock valued at $493,000 after buying an additional 3,400 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Schneider National by 162.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 257,328 shares of the company’s stock valued at $6,428,000 after buying an additional 159,116 shares during the period. Legal & General Group Plc boosted its stake in shares of Schneider National by 189.8% in the 3rd quarter. Legal & General Group Plc now owns 45,888 shares of the company’s stock valued at $1,147,000 after buying an additional 30,056 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Schneider National by 8.7% in the 3rd quarter. Morgan Stanley now owns 4,051,825 shares of the company’s stock valued at $101,216,000 after buying an additional 323,800 shares during the period. Institutional investors and hedge funds own 24.06% of the company’s stock.

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, first to final mile delivery, and customized solutions for time-sensitive loads.

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