Press release
Schneider National stock hits all-time high at $32.25
In other recent news, Schneider National experienced a series of financial adjustments following its third-quarter earnings report. The transportation and logistics services company saw Benchmark raise its stock price target from $30.00 to $32.00, maintaining a Buy rating. This adjustment comes after Schneider National's third-quarter earnings fell short of expectations, with an adjusted operating income of $44.3 million.
Meanwhile, BofA Securities upgraded Schneider National's rating from Underperform to Buy and increased its price target to $34.00. This revised stance reflects a positive outlook following recent developments. However, BofA Securities also lowered its earnings per share estimates for 2024 and 2025 due to weaker than expected performance in the third quarter.
Evercore ISI reduced Schneider National's price target from $27.00 to $26.00, retaining an In Line rating, following the company's third-quarter earnings report. Schneider National reported steady revenues of $1.2 billion, despite a slight dip in adjusted diluted earnings per share from $0.20 to $0.18.
Among these recent developments, Schneider National continued its share repurchase program with $4 million in purchases. These adjustments and actions highlight Schneider National's commitment to shareholder returns, strategic growth, and operational efficiency in the face of recent financial challenges.
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