Knight-Swift Transportation (NYSE:KNX) Issues Q3 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.31-$0.35 for the period, compared to the consensus EPS estimate of $0.49. Knight-Swift Transportation also updated its Q2 guidance to $0.26-$0.30 EPS.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stephens lowered their price target on shares of Knight-Swift Transportation from $65.00 to $60.00 and set an overweight rating on the stock in a research report on Thursday, April 18th. Susquehanna reduced their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a neutral rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus reduced their price objective on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a buy rating for the company in a research note on Thursday, April 18th. Bank of America reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a buy rating for the company in a research note on Thursday, April 18th. Finally, TD Cowen reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a buy rating for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $57.77.

Knight-Swift Transportation Trading Down 1.5 %

Shares of Knight-Swift Transportation stock traded down $0.73 during trading on Wednesday, reaching $48.50. The company’s stock had a trading volume of 3,298,149 shares, compared to its average volume of 2,139,522. Knight-Swift Transportation has a 52-week low of $45.73 and a 52-week high of $60.99. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 2.46 and a beta of 0.99. The firm’s 50-day moving average is $53.94 and its two-hundred day moving average is $54.22. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last announced 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 business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.92 billion. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 1.31 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The firm 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 is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. Knight-Swift Transportation’s dividend payout ratio is 48.12%.

Insider Activity

In related news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

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.