Knight-Swift Transportation Holdings Inc. (KNX) to Distribute Quarterly Dividend of $0.20 on September 21st

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Friday, September 4th will be given a dividend of 0.20 per share by the transportation company on Monday, September 21st. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 4th.

Knight-Swift Transportation has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 6 years. Knight-Swift Transportation has a payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Knight-Swift Transportation to earn $3.93 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 20.4%.

Knight-Swift Transportation Trading Down 2.2%

Shares of NYSE KNX opened at $69.26 on Friday. Knight-Swift Transportation has a twelve month low of $38.63 and a twelve month high of $82.86. The firm has a market cap of $11.25 billion, a PE ratio of 266.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.18. The business has a fifty day simple moving average of $75.39 and a two-hundred day simple moving average of $65.91. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. Analysts expect that Knight-Swift Transportation will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Stifel Nicolaus increased their price objective on Knight-Swift Transportation from $85.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. upped their target price on Knight-Swift Transportation from $77.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Finally, Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average target price of $84.44.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.