Wall Street brokers expect Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) to post earnings per share of $1.34 for the current quarter, according to Zacks Investment Research. Ten analysts have released earnings estimates for Knight-Swift Transportation, with estimates ranging from $1.27 to $1.45. Knight-Swift Transportation reported earnings of $0.98 per share in the same quarter last year, which would indicate a positive growth rate of 36.7% year over year. The company is due to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Knight-Swift Transportation to report annual earnings of $5.23 per share for the current fiscal year, with EPS estimates ranging from $4.70 to $5.40. For next year, analysts expect the company to post earnings of $4.80 per share, with EPS estimates ranging from $4.34 to $5.50. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side research firms that provide coverage for Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last released quarterly earnings data on Wednesday, April 20. The transportation company reported earnings per share (EPS) of $1.35 for the quarter, beating Thomson Reuters consensus estimate of $1.26 by $0.09. The company posted revenue of $1.83 billion for the quarter, compared to $1.76 billion for analysts. Knight-Swift Transportation had a return on equity of 13.69% and a net margin of 12.45%. The company’s revenue for the quarter increased 49.4% year over year. During the same period of the previous year, the company achieved EPS of $0.83.
Several research companies have recently weighed in on KNX. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised its price target for the company from $62.00 to $69.00 in a Friday, March 4 report. JPMorgan Chase & Co. cut its price target on Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating on the stock in a Friday, April 8 report. Raymond James cut its price target on Knight-Swift Transportation from $62.00 to $50.00 and set an “outperform” rating on the stock in a report Wednesday. StockNews.com began covering Knight-Swift Transportation in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, Stephens cut his price target on Knight-Swift Transportation from $70.00 to $66.00 and set an “overweight” rating on the stock in a Friday, April 1 report. Two analysts rated the stock with a sell rating, three issued a hold rating, thirteen gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $63.94.
In other Knight-Swift Transportation news, Vice Chairman Dustin Ohlman sold 2,022 shares of the company in a trade that took place on Wednesday, February 9. The shares were sold at an average price of $57.16, for a total transaction of $115,577.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, director Michael Garnreiter sold 2,000 shares of the company in a transaction that took place on Friday, February 25. The shares were sold at an average price of $54.37, for a total transaction of $108,740.00. The disclosure of this sale can be found here. 27.50% of the shares are held by insiders of the company.
A number of institutional investors have recently changed their stake in the company. Yousif Capital Management LLC acquired a new stake in shares of Knight-Swift Transportation in the fourth quarter at a value of $5,459,000. DekaBank Deutsche Girozentrale increased its stake in Knight-Swift Transportation shares by 2.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 470,275 shares of the transportation company worth $28,808,000 after acquiring an additional 12,232 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its equity stake in Knight-Swift Transportation by 232.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,595 shares of the transportation company worth $5,216,000 after acquiring an additional 59,832 shares during the period. Allianz Asset Management GmbH increased its stake in Knight-Swift Transportation by 30.7% in the third quarter. Allianz Asset Management GmbH now owns 64,127 shares of the transportation company worth $3,280,000 after buying an additional 15,072 shares last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Knight-Swift Transportation during the fourth quarter at a value of $10,011,000. Institutional investors and hedge funds hold 85.99% of the company’s shares.
Shares of KNX traded down $1.17 in Friday’s midday session, hitting $47.83. 1,349,661 shares were traded, against an average volume of 2,515,960. The company has a market capitalization of $7.95 billion, a PE ratio of 9.72, a growth price-earnings ratio of 0.62 and a beta of 1.27. Knight-Swift Transportation has a 52-week low of $44.22 and a 52-week high of $62.29. The company has a 50-day moving average of $51.32 and a two-hundred-day moving average of $55.05. The company has a debt ratio of 0.27, a quick ratio of 1.32 and a current ratio of 1.26.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 28. Investors of record on Friday, March 4 received a dividend of $0.12 per share. The ex-dividend date was Thursday, March 3. This represents a dividend of $0.48 on an annualized basis and a yield of 1.00%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.10. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 9.76%.
About Knight-Swift Transportation (Get an evaluation)
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico and Canada. The company operates through four segments: Trucking, Logistics, Less Than Truckload (LTL) and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage and cross-border transportation of various products, commodities and materials.
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