Knight-Swift Transportation (KNX) to Release Earnings on Wednesday

Knight-Swift Transportation (NYSE:KNX) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Knight-Swift Transportation has set its Q1 guidance at $0.37-$0.41 EPS and its Q2 guidance at $0.53-$0.57 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. On average, analysts expect Knight-Swift Transportation to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Knight-Swift Transportation Trading Up 0.0 %

NYSE:KNX opened at $50.77 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. Knight-Swift Transportation has a 12-month low of $45.73 and a 12-month high of $60.99. The business has a 50 day simple moving average of $55.30 and a 200 day simple moving average of $54.27. The firm has a market capitalization of $8.20 billion, a P/E ratio of 38.17, a P/E/G ratio of 1.44 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. Stockholders of record on Friday, March 8th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s payout ratio is currently 48.12%.

Analysts Set New Price Targets

KNX has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Barclays lowered their target price on Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. JPMorgan Chase & Co. reduced their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, Susquehanna cut their target price on Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $62.75.

Insider Activity

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of Knight-Swift Transportation stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the transaction, the chief accounting officer now directly owns 5,118 shares in the company, valued at $287,836.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Trading of Knight-Swift Transportation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $90,026,000. Wellington Management Group LLP increased its holdings in Knight-Swift Transportation by 13.4% in the first quarter. Wellington Management Group LLP now owns 8,219,189 shares of the transportation company’s stock valued at $414,739,000 after purchasing an additional 972,139 shares during the period. Goldman Sachs Group Inc. grew its holdings in Knight-Swift Transportation by 94.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,841,620 shares of the transportation company’s stock worth $85,249,000 after acquiring an additional 892,933 shares during the period. Renaissance Technologies LLC acquired a new stake in Knight-Swift Transportation during the 1st quarter worth about $27,013,000. Finally, Morgan Stanley grew its holdings in Knight-Swift Transportation by 8.4% during the 4th quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company’s stock worth $262,859,000 after acquiring an additional 387,501 shares during the period. 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.