Knight-Swift Transportation (KNX) to Release Earnings on Wednesday

Knight-Swift Transportation (NYSE:KNX) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Knight-Swift Transportation to post earnings of $0.28 per share for the quarter. Knight-Swift Transportation has set its Q1 guidance at $0.37-$0.41 EPS and its Q2 guidance at $0.53-$0.57 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. On average, analysts expect Knight-Swift Transportation to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $48.16 on Tuesday. The stock’s fifty day moving average price is $54.35 and its two-hundred day moving average price is $54.26. Knight-Swift Transportation has a one year low of $45.73 and a one year high of $60.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $7.78 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 1.66 and a beta of 0.99.

Knight-Swift Transportation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s dividend payout ratio (DPR) is 48.12%.

Insider Buying and Selling

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Stifel Nicolaus lowered their price objective on Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Bank of America lowered their price objective on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. TD Cowen decreased their price target on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Loop Capital cut Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price target for the stock from $63.00 to $53.00 in a report on Thursday, April 18th. Finally, Stephens reduced their price objective on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.77.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.