Knight-Swift Transportation (KNX) Scheduled to Post Quarterly Earnings on Wednesday

Knight-Swift Transportation (NYSE:KNXGet Free Report) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Knight-Swift Transportation (NYSE:KNXGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. 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 Trading Up 0.5 %

Shares of NYSE KNX opened at $48.14 on Monday. Knight-Swift Transportation has a 1-year low of $45.73 and a 1-year high of $60.99. The business has a fifty day moving average price of $54.60 and a 200 day moving average price of $54.26. The stock has a market capitalization of $7.77 billion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94.

Knight-Swift Transportation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 1.33%. Knight-Swift Transportation’s payout ratio is currently 48.12%.

Analyst Ratings Changes

KNX has been the topic of a number of analyst reports. Stephens cut their price objective on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday. Stifel Nicolaus lowered their target price on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday. Barclays reduced their price target on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Finally, Bank of America dropped their target price on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.77.

Read Our Latest Report on Knight-Swift Transportation

Insiders Place Their Bets

In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at $287,836.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Knight-Swift Transportation

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Knight-Swift Transportation during the fourth quarter worth $90,026,000. Wellington Management Group LLP raised its stake in shares of Knight-Swift Transportation by 13.4% during the 1st quarter. Wellington Management Group LLP now owns 8,219,189 shares of the transportation company’s stock valued at $414,739,000 after buying an additional 972,139 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Knight-Swift Transportation by 94.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,841,620 shares of the transportation company’s stock valued at $85,249,000 after buying an additional 892,933 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Knight-Swift Transportation in the 1st quarter valued at about $27,013,000. Finally, Morgan Stanley boosted its stake in shares of Knight-Swift Transportation by 8.4% in the fourth quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company’s stock worth $262,859,000 after buying an additional 387,501 shares during the last quarter. 88.77% of the stock is currently owned by institutional investors and hedge funds.

Knight-Swift Transportation Company Profile

(Get Free Report)

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.

Further Reading

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

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