Knight-Swift Transportation (NYSE:KNX) Posts Earnings Results

Knight-Swift Transportation (NYSE:KNX) posted its earnings results on Tuesday. The transportation company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10, MarketWatch Earnings reports. Knight-Swift Transportation had a return on equity of 9.02% and a net margin of 9.94%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was up 24.0% on a year-over-year basis.

Knight-Swift Transportation stock traded up $0.85 during trading on Thursday, reaching $48.11. The company had a trading volume of 87,969 shares, compared to its average volume of 1,780,421. Knight-Swift Transportation has a 52 week low of $37.07 and a 52 week high of $51.17. The business’s 50-day moving average is $47.43. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 0.87 and a beta of 1.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.02 and a quick ratio of 1.02.

Several research firms recently weighed in on KNX. Zacks Investment Research upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, April 6th. Stifel Europe began coverage on Knight-Swift Transportation in a research note on Monday, June 21st. They issued a “buy” rating on the stock. They noted that the move was a valuation call. Susquehanna Bancshares downgraded Knight-Swift Transportation to a “neutral” rating and set a $53.00 price target on the stock. in a research note on Monday, April 12th. Deutsche Bank Aktiengesellschaft upped their price target on Knight-Swift Transportation from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Credit Suisse Group upped their price objective on Knight-Swift Transportation from $50.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.73.

In related news, EVP James E. Jr. Updike sold 2,250 shares of the firm’s stock in a transaction on Wednesday, May 5th. The stock was sold at an average price of $48.85, for a total value of $109,912.50. Following the transaction, the executive vice president now directly owns 15,270 shares of the company’s stock, valued at approximately $745,939.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 27.50% of the stock is currently owned by company insiders.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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

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