By otakuyassine3@gmail.com 
Knight-Swift Transportation (NYSE:KNX – Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.33 per share and revenue of $1,882,719.36 billion for the quarter.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, analysts expect Knight-Swift Transportation to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Knight-Swift Transportation Stock Performance
Shares of NYSE KNX traded up $0.86 during midday trading on Wednesday, reaching $55.82. 1,704,603 shares of the company traded hands, compared to its average volume of 1,747,523. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 242.71, a PEG ratio of 1.89 and a beta of 0.98. The stock has a 50-day moving average price of $55.55 and a 200 day moving average price of $53.15. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $60.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01.
Knight-Swift Transportation Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Friday, December 6th were given a dividend of $0.16 per share. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 278.26%.
Insider Activity
In other news, Director Ploeg David Vander sold 500 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the transaction, the director now owns 30,729 shares in the company, valued at approximately $1,754,625.90. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
KNX has been the subject of several research reports. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research note on Tuesday, November 12th. Stifel Nicolaus boosted their price target on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI upped their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays increased their target price on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $58.44.
View Our Latest Stock Report on KNX
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.
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