Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Plans Quarterly Dividend of $0.16

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.16 per share by the transportation company on Monday, December 23rd. This represents a $0.64 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, December 6th.

Knight-Swift Transportation has increased its dividend payment by an average of 20.5% per year over the last three years. Knight-Swift Transportation has a payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Knight-Swift Transportation to earn $2.21 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 29.0%.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock opened at $56.78 on Wednesday. The business has a 50 day simple moving average of $54.43 and a 200-day simple moving average of $51.82. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $9.19 billion, a PE ratio of 246.88, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was down 7.1% on a year-over-year basis. Equities analysts predict that Knight-Swift Transportation will post 1.05 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on KNX. Susquehanna raised their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Barclays raised their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Citigroup downgraded shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective on the stock. in a report on Tuesday, November 12th. Finally, Raymond James increased their target price on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.38.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, Director Ploeg David Vander sold 500 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the transaction, the director now owns 30,729 shares of the company’s stock, valued at $1,754,625.90. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

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.