$1.10 Billion in Sales Expected for Schneider National Inc (NASDAQ:SNDR) This Quarter
Brokerages expect Schneider National Inc (NASDAQ:SNDR) to post $1.10 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Schneider National’s earnings. The highest sales estimate is $1.12 billion and the lowest is $1.07 billion. The business is expected to report its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Schneider National will report full year sales of $1.10 billion for the current year, with estimates ranging from $4.29 billion to $4.36 billion. For the next financial year, analysts anticipate that the company will post sales of $4.64 billion per share, with estimates ranging from $4.60 billion to $4.76 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Schneider National.
Schneider National (NASDAQ:SNDR) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Schneider National had a return on equity of 13.37% and a net margin of 4.32%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year.
SNDR has been the subject of a number of research analyst reports. Stephens initiated coverage on Schneider National in a report on Wednesday, April 19th. They set an “equal weight” rating and a $18.00 price target for the company. Wolfe Research assumed coverage on shares of Schneider National in a research report on Monday, May 1st. They set a “market perform” rating for the company. Zacks Investment Research downgraded shares of Schneider National from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Bank of America Corporation restated a “buy” rating and set a $25.00 price objective (up from $23.00) on shares of Schneider National in a research report on Monday, July 10th. Finally, Robert W. Baird assumed coverage on shares of Schneider National in a research report on Monday, May 1st. They set an “outperform” rating and a $22.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.63.
A number of large investors have recently modified their holdings of SNDR. DekaBank Deutsche Girozentrale bought a new stake in shares of Schneider National during the second quarter valued at about $111,000. Legal & General Group Plc bought a new stake in shares of Schneider National during the second quarter valued at about $173,000. Strs Ohio bought a new stake in shares of Schneider National during the second quarter valued at about $212,000. TD Asset Management Inc. bought a new stake in shares of Schneider National during the second quarter valued at about $683,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Schneider National during the second quarter valued at about $766,000.
Schneider National (NASDAQ SNDR) opened at 21.34 on Monday. Schneider National has a 52-week low of $17.69 and a 52-week high of $23.12. The company’s 50 day moving average price is $21.44 and its 200 day moving average price is $20.21. The firm has a market cap of $3.77 billion and a PE ratio of 1.38.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.20 annualized dividend and a yield of 0.94%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Schneider National Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schneider National Inc and related companies with MarketBeat.com's FREE daily email newsletter.