Knight-Swift Transportation (NYSE:KNX) Issues Q4 2024 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.320-0.360 for the period, compared to the consensus EPS estimate of 0.340. The company issued revenue guidance of -. Knight-Swift Transportation also updated its Q1 guidance to $0.29-0.33 EPS.

Knight-Swift Transportation Stock Down 0.1 %

KNX stock traded down $0.05 during mid-day trading on Wednesday, reaching $52.74. The company had a trading volume of 4,626,802 shares, compared to its average volume of 2,062,038. The firm has a fifty day simple moving average of $52.27 and a 200 day simple moving average of $50.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 78.72, a price-to-earnings-growth ratio of 1.72 and a beta of 0.92. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. Knight-Swift Transportation’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. Analysts forecast that Knight-Swift Transportation will post 1.06 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.21%. Knight-Swift Transportation’s payout ratio is currently 95.52%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KNX. Barclays upped their target price on Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Susquehanna increased their price objective on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Wolfe Research downgraded shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 11th. Bank of America raised their price objective on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, Citigroup assumed coverage on shares of Knight-Swift Transportation in a report on Wednesday, October 9th. They issued a “neutral” rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.60.

Insider Transactions at Knight-Swift Transportation

In other news, Chairman Kevin P. Knight sold 45,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the sale, the chairman now owns 1,422,360 shares in the company, valued at $73,294,210.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total transaction of $101,140.00. Following the transaction, the director now owns 17,648 shares of the company’s stock, valued at $892,459.36. This trade represents a 0.00 % 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 45,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the sale, the chairman now directly owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock worth $4,367,869 over the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

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.