On Thursday, Schneider National, Inc. (NYSE: SNDR) changed -0.96% to recent value of $22.75. The stock transacted 327263 shares during most recent day however it has an average volume of 587.59K shares. It spotted trading -6.67% off 52-week high price. On the other end, the stock has been noted 37.13% away from the low price over the last 52-weeks.
Schneider National, Inc. (SNDR) recently reported results for the quarter and nine months ended September 30, 2019.
Results of Operations – Reportable Sections
Truckload revenues (not including fuel surcharge) for the third quarter of 2019 were $515.6M, a decrease of $51.3M, or 9%, contrast to the same quarter in 2018. Revenue per truck per week reduced $220, or 6%, contrast to the third quarter of 2018 as a result of lower volume and price.
Truckload loss from operations was $12.5M in the third quarter 2019 contrast to income from operations of $54.4M in the same quarter a year ago primarily Because of the FTFM shutdown and tractor impairment charges, lower price and volume, partially offset by reduced variable costs.
Truckload section operating ratio was 102.4% in the third quarter of 2019 contrast to 90.4% in the third quarter of 2018. Truckload section operating ratio not including all impacts of the FTFM service offering that was shut down and the tractor impairment was 88.4% in the third quarter of 2019 contrast to 87.9% in the third quarter of 2018 and 89.0% in the second quarter of 2019.
Intermodal revenues (not including fuel surcharge) for the third quarter of 2019 were $249.2M, a decrease of $5.2M, or 2%, contrast to the same quarter in 2018. Revenue per order improved $84, or 4%, contrast to the same quarter in 2018. Orders declined 4% primarily Because of lower volumes overall in the domestic intermodal freight market.
Intermodal income from operations for the third quarter of 2019 was $25.1M, a decrease of $11.0M, or 30%, contrast to the same quarter in 2018 primarily Because of reduced volumes and increased purchased third-party costs, including rail. Intermodal operating ratio was 89.9% in the third quarter of 2019 contrast to 85.8% in the third quarter of 2018.
“Our updated guidance for full year 2019 adjusted diluted earnings per share is $1.24 to $1.30,” stated Rourke. “Contrast to our previous guidance of $1.30 to $1.38, the primary difference is the third quarter tractor impairment charge. Our updated full year 2019 net capital expenditures guidance is about $310M, slightly lower than previous guidance of about $325MBecause of anticipated higher proceeds from the sale of tractors.”
SNDR has a gross margin of 58.80% and an operating margin of 5.10% while its profit margin remained 3.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 62.80% for this year while earning per share for the next 5-years is expected to reach at 0.39%. The company has 177.27M of outstanding shares and 45.34M shares were floated in the market. According to the most recent quarter its current ratio was 2.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.71% from the mean of 20 days, 0.95% from mean of 50 days SMA and performed 10.68% from mean of 200 days price. Company’s performance for the week was -2.44%, -1.73% for month and YTD performance remained 21.85%.