Knight-Swift Transportation Holdings Inc. Expected to Earn Q2 2024 Earnings of $0.28 Per Share (NYSE:KNX)

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) – Equities researchers at Zacks Research lowered their Q2 2024 earnings per share estimates for shares of Knight-Swift Transportation in a research report issued on Tuesday, April 23rd. Zacks Research analyst S. Goswami now expects that the transportation company will post earnings per share of $0.28 for the quarter, down from their previous estimate of $0.56. The consensus estimate for Knight-Swift Transportation’s current full-year earnings is $1.31 per share. Zacks Research also issued estimates for Knight-Swift Transportation’s Q3 2024 earnings at $0.55 EPS, Q4 2024 earnings at $0.59 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.89 EPS, FY2025 earnings at $3.09 EPS and Q1 2026 earnings at $0.97 EPS.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.53% and a net margin of 1.50%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted $0.73 EPS. The company’s revenue was up 10.0% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on the company. Susquehanna cut their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Stephens cut their target price on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Robert W. Baird cut their target price on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday. Barclays dropped 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, April 18th. Finally, Evercore ISI dropped their price target on Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Hold” and an average price target of $57.71.

Knight-Swift Transportation Stock Down 0.6 %

KNX opened at $46.88 on Thursday. 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 quick ratio of 0.94 and a current ratio of 0.94. The stock’s fifty day moving average is $53.52 and its 200-day moving average is $54.15. The company has a market capitalization of $7.57 billion, a PE ratio of 69.97, a P/E/G ratio of 2.48 and a beta of 0.99.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.37%. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the sale, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

A number of institutional investors have recently made changes to their positions in KNX. Rise Advisors LLC acquired a new stake in shares of Knight-Swift Transportation in the first quarter valued at approximately $25,000. GAMMA Investing LLC raised its position in Knight-Swift Transportation by 67.5% during the first quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 253 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Knight-Swift Transportation by 136.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 385 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in Knight-Swift Transportation during the third quarter valued at approximately $42,000. Finally, Blue Trust Inc. raised its position in Knight-Swift Transportation by 80.3% during the fourth quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 88.77% 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.