Knight-Swift Transportation (KNX) Releases Q1 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.50-0.54 for the period, compared to the Thomson Reuters consensus estimate of $0.51. Knight-Swift Transportation also updated its Q4 guidance to $0.71-0.75 EPS.

Shares of KNX stock traded down $0.72 during trading hours on Friday, hitting $32.67. 101,846 shares of the company’s stock were exchanged, compared to its average volume of 2,665,178. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 0.89 and a beta of 1.59. Knight-Swift Transportation has a fifty-two week low of $29.00 and a fifty-two week high of $51.94.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, October 24th. The transportation company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. Knight-Swift Transportation had a return on equity of 5.74% and a net margin of 13.67%. The business’s quarterly revenue was up 158.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. Analysts anticipate that Knight-Swift Transportation will post 2.28 earnings per share for the current fiscal year.



The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Stockholders of record on Monday, September 3rd were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, August 30th. Knight-Swift Transportation’s payout ratio is 17.39%.

KNX has been the subject of several research analyst reports. Zacks Investment Research downgraded Knight-Swift Transportation from a buy rating to a hold rating in a research note on Sunday, July 15th. Barclays raised Knight-Swift Transportation from an equal weight rating to an overweight rating and set a $55.00 price objective for the company in a research note on Monday, July 16th. UBS Group reduced their price objective on Knight-Swift Transportation from $57.00 to $42.00 and set a buy rating for the company in a research note on Thursday, July 26th. KeyCorp reduced their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set an overweight rating for the company in a research note on Thursday, July 26th. Finally, Stifel Nicolaus reduced their price objective on Knight-Swift Transportation from $48.00 to $46.00 and set a buy rating for the company in a research note on Thursday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $48.18.

In related news, CAO Wayne Yu bought 1,750 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was acquired at an average cost of $32.01 per share, with a total value of $56,017.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.50% of the stock is currently owned by corporate insiders.

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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Earnings History and Estimates for Knight-Swift Transportation (NYSE:KNX)

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