Knight-Swift Transportation Holdings Inc (NYSE:KNX) – Stock analysts at Seaport Global Securities reduced their Q2 2018 EPS estimates for Knight-Swift Transportation in a research note issued on Tuesday, May 22nd. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings per share of $0.55 for the quarter, down from their previous forecast of $0.58. Seaport Global Securities also issued estimates for Knight-Swift Transportation’s Q3 2018 earnings at $0.58 EPS and Q2 2019 earnings at $0.66 EPS.
Other research analysts have also issued reports about the stock. ValuEngine raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. UBS lifted their price objective on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Buckingham Research lifted their price objective on shares of Knight-Swift Transportation from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, May 21st. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $52.22.
Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. Knight-Swift Transportation had a net margin of 13.22% and a return on equity of 5.75%. Knight-Swift Transportation’s quarterly revenue was up 368.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Knight-Swift Transportation by 0.9% in the first quarter. BlackRock Inc. now owns 14,463,356 shares of the transportation company’s stock worth $665,459,000 after acquiring an additional 122,062 shares during the period. Standard Life Aberdeen plc purchased a new stake in Knight-Swift Transportation in the fourth quarter worth about $225,393,000. Millennium Management LLC lifted its stake in Knight-Swift Transportation by 334.8% in the first quarter. Millennium Management LLC now owns 3,670,747 shares of the transportation company’s stock worth $168,891,000 after acquiring an additional 2,826,495 shares during the period. Citadel Advisors LLC lifted its stake in Knight-Swift Transportation by 314.7% in the first quarter. Citadel Advisors LLC now owns 3,349,522 shares of the transportation company’s stock worth $154,112,000 after acquiring an additional 2,541,867 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Knight-Swift Transportation by 33.8% in the first quarter. Victory Capital Management Inc. now owns 2,409,668 shares of the transportation company’s stock worth $110,869,000 after acquiring an additional 608,680 shares during the period. 80.31% of the stock is owned by institutional investors.
In related news, insider Kevin P. Knight sold 69,217 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $40.04, for a total value of $2,771,448.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Gary J. Knight sold 15,000 shares of the company’s stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $40.22, for a total transaction of $603,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,794 shares of company stock valued at $3,954,288. 27.50% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Friday, June 1st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, May 31st. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 17.39%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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