Schneider National, Inc. (NYSE:SNDR) Announces $0.10 Quarterly Dividend

Schneider National, Inc. (NYSE:SNDR) announced a quarterly dividend on Monday, July 29th, Zacks reports. Investors of record on Friday, September 13th will be paid a dividend of 0.095 per share on Tuesday, October 8th. This represents a $0.38 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, September 13th.

Schneider National has increased its dividend by an average of 11.5% annually over the last three years. Schneider National has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Schneider National to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 24.5%.

Schneider National Stock Performance

Shares of NYSE:SNDR traded down $1.05 during trading hours on Wednesday, hitting $26.08. The stock had a trading volume of 101,361 shares, compared to its average volume of 862,962. The stock’s fifty day simple moving average is $26.08 and its 200 day simple moving average is $23.63. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 2.46 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.59. Schneider National has a 1-year low of $20.50 and a 1-year high of $28.97.

Schneider National (NYSE:SNDR) last posted its earnings results on Thursday, August 1st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Schneider National had a return on equity of 4.08% and a net margin of 2.18%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Schneider National will post 0.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Shaleen Devgun sold 10,000 shares of Schneider National stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $27.60, for a total value of $276,000.00. Following the transaction, the insider now owns 55,726 shares in the company, valued at approximately $1,538,037.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Schneider National from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Raymond James initiated coverage on Schneider National in a research report on Wednesday, May 15th. They set a “market perform” rating on the stock. Robert W. Baird upped their price objective on Schneider National from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on Schneider National from $24.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Susquehanna boosted their price target on shares of Schneider National from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.00.

Schneider National Company Profile

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.