News coverage about Swift Transportation (NYSE:KNX) has trended somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Swift Transportation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 44.9052574606486 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Head-To-Head Review: FRP Holdings (FRPH) versus Swift Transportation (KNX) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Knight-Swift Transportation Holdings Inc. (finance.yahoo.com)
- BlackRock Investment Management LLC Has $8080000 Stake in Knight Transportation, Inc. (KNX) (newstrendstoday.com)
- Knight Transportation, Inc. (KNX) Upgraded at ValuEngine (americanbankingnews.com)
- Knight Transportation, Inc. & Swift Transportation Company Merge to Create North America’s Premier Truckload Transportation C… (ih.advfn.com)
Shares of Swift Transportation (NYSE KNX) opened at 39.82 on Friday. Swift Transportation has a 1-year low of $26.85 and a 1-year high of $44.45. The firm has a 50-day moving average price of $38.02 and a 200-day moving average price of $34.93. The company has a market capitalization of $3.21 billion, a PE ratio of 41.05 and a beta of 1.96.
Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Swift Transportation had a return on equity of 22.23% and a net margin of 2.99%. The firm had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $283.88 million. During the same period in the prior year, the business posted $0.31 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. Equities analysts anticipate that Swift Transportation will post $1.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Wednesday, August 30th.
KNX has been the subject of a number of recent analyst reports. Buckingham Research initiated coverage on shares of Swift Transportation in a research report on Monday, August 21st. They set a “buy” rating and a $43.00 price target for the company. BidaskClub upgraded Swift Transportation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Deutsche Bank AG set a $45.00 price objective on Swift Transportation and gave the stock a “buy” rating in a research note on Monday, July 31st. Stephens upgraded Swift Transportation from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $36.00 to $42.00 in a research note on Monday, June 12th. Finally, Zacks Investment Research cut Swift Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $38.87.
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In other Swift Transportation news, Director G D. Madden sold 1,875 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $36.52, for a total value of $68,475.00. Following the transaction, the director now owns 56,011 shares of the company’s stock, valued at $2,045,521.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Todd F. Carlson sold 3,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $37.86, for a total value of $113,580.00. Following the completion of the transaction, the general counsel now directly owns 23,638 shares in the company, valued at approximately $894,934.68. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.
About Swift Transportation
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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