Knight-Swift Transportation (NYSE:KNX) Announces Q4 2026 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) issued an update on its fourth quarter 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.780-0.840 for the period, compared to the consensus earnings per share estimate of 0.820.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KNX shares. Citizens Jmp began coverage on shares of Knight-Swift Transportation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 price target on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $84.00 price objective on shares of Knight-Swift Transportation in a research report on Thursday. Morgan Stanley set a $90.00 price objective on shares of Knight-Swift Transportation in a report on Wednesday, September 2nd. Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company reduced their target price on shares of Knight-Swift Transportation from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.78.

Knight-Swift Transportation Stock Down 3.8%

Knight-Swift Transportation stock traded down $2.38 during midday trading on Friday, reaching $60.14. The stock had a trading volume of 925,081 shares, compared to its average volume of 3,656,515. The firm’s fifty day simple moving average is $66.99 and its 200-day simple moving average is $69.63. Knight-Swift Transportation has a 1-year low of $41.24 and a 1-year high of $82.86. The stock has a market capitalization of $9.79 billion, a P/E ratio of 231.72, a price-to-earnings-growth ratio of 0.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, October 21st. The transportation company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Knight-Swift Transportation had a return on equity of 4.72% and a net margin of 1.92%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, analysts expect that Knight-Swift Transportation will post 2.42 EPS for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 4th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 4th. Knight-Swift Transportation’s payout ratio is currently 307.69%.

Insider Transactions at Knight-Swift Transportation

In related news, CAO Cary Flanagan sold 3,600 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the transaction, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. This represents a 39.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Vander Ploeg sold 2,200 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $52.33, for a total transaction of $115,126.00. Following the completion of the transaction, the director directly owned 30,252 shares of the company’s stock, valued at approximately $1,583,087.16. This trade represents a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 224,954 shares of company stock valued at $16,183,454 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Key Stories Impacting Knight-Swift Transportation

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Third-quarter earnings beat expectations. Knight-Swift reported adjusted EPS of $0.83, above the roughly $0.75-$0.76 consensus, while revenue increased 14.2% year over year to $2.20 billion, exceeding estimates of $2.16 billion. EPS also more than doubled from $0.32 in the prior-year quarter. Knight-Swift tops Q3 earnings and revenue estimates
• Positive Sentiment: Margins and freight pricing are recovering. Management indicated that truckload operating income should improve meaningfully in the fourth quarter, supported by better pricing and tighter trucking capacity. The results represented the company’s third consecutive earnings beat. First look: Knight-Swift’s Q3 beats expectations
• Positive Sentiment: Several analysts remain constructive. Stifel raised its price target from $90 to $92 and retained a “buy” rating, while JPMorgan increased its target from $68 to $74. Wells Fargo maintained an “overweight” rating despite trimming its target from $81 to $79. Stifel analyst recommendation
• Neutral Sentiment: Fourth-quarter guidance is close to expectations. KNX forecast adjusted EPS of $0.78-$0.84, with a midpoint of $0.81 versus the $0.82 consensus estimate. The range implies sequential improvement but leaves limited room for an upside surprise. Knight-Swift Q4 earnings guidance
• Negative Sentiment: Investors may be disappointed by the lack of a larger guidance raise. Although the operational outlook is improving, the Q4 midpoint is slightly below consensus, and the stock’s valuation remains demanding at approximately 30.5 times earnings. This helps explain why the shares have stalled despite the strong quarterly beat.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc is a transportation and logistics company that provides freight services across North America. The company operates one of the largest truckload fleets in the United States and serves a broad range of industries through its network of company-owned equipment, independent contractors, terminals and distribution facilities.

Its services include dry-van, refrigerated and flatbed truckload transportation; dedicated and expedited delivery; less-than-truckload shipping; freight brokerage; intermodal transportation; cross-border logistics; and warehousing and other supply-chain services.