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

Knight-Swift Transportation (NYSE:KNX) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.32-0.36 for the period, compared to the consensus estimate of $0.34. Knight-Swift Transportation also updated its Q1 guidance to $0.29-0.33 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. TD Cowen upped their price target on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a report on Thursday. Barclays upped their price target on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Wolfe Research lowered shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Finally, Bank of America upped their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $55.88.

Knight-Swift Transportation Price Performance

Shares of KNX traded down $1.29 during mid-day trading on Thursday, hitting $51.45. 2,390,043 shares of the company were exchanged, compared to its average volume of 2,063,636. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $60.99. 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 50 day moving average of $52.27 and a 200-day moving average of $50.37. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 125.66, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92.

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

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were given a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.24%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 156.10%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $53.32, for a total value of $133,300.00. Following the completion of the sale, the director now owns 21,833 shares in the company, valued at approximately $1,164,135.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the sale, the director now owns 17,648 shares in the company, valued at approximately $892,459.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the sale, the director now owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock worth $4,367,869 in the last 90 days. Insiders own 3.00% of the company’s stock.

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.