Analysts expect Knight-Swift Transportation Holdings Inc (NYSE:KNX) to report earnings per share (EPS) of $0.72 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Knight-Swift Transportation’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.75. Knight-Swift Transportation reported earnings per share of $0.52 in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.5%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, January 29th.
According to Zacks, analysts expect that Knight-Swift Transportation will report full-year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.27 to $2.39. For the next fiscal year, analysts forecast that the firm will post earnings of $2.71 per share, with EPS estimates ranging from $2.52 to $2.86. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 24th. The transportation company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Knight-Swift Transportation had a net margin of 13.47% and a return on equity of 7.26%. The company’s quarterly revenue was up 158.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share.
A number of research analysts have weighed in on the stock. ValuEngine cut shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Loop Capital initiated coverage on shares of Knight-Swift Transportation in a research note on Tuesday, October 2nd. They set a “buy” rating and a $45.00 price target on the stock. Zacks Investment Research cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. UBS Group restated a “neutral” rating and set a $36.00 price target (down from $43.00) on shares of Knight-Swift Transportation in a research note on Tuesday, December 4th. Finally, Goldman Sachs Group upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and upped their price target for the company from $46.00 to $48.00 in a research note on Thursday, November 8th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Knight-Swift Transportation currently has a consensus rating of “Buy” and an average price target of $46.94.
KNX opened at $28.65 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 0.73 and a beta of 1.76. Knight-Swift Transportation has a twelve month low of $23.27 and a twelve month high of $51.94.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Monday, December 3rd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, November 30th. Knight-Swift Transportation’s payout ratio is 17.39%.
In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. bought 1,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, December 12th. The shares were bought at an average price of $28.83 per share, with a total value of $28,830.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jerry Moyes sold 1,173,680 shares of the stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $24.98, for a total transaction of $29,318,526.40. The disclosure for this sale can be found here. 27.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Knight-Swift Transportation by 1.6% in the third quarter. BlackRock Inc. now owns 12,167,791 shares of the transportation company’s stock valued at $419,543,000 after buying an additional 189,618 shares in the last quarter. FMR LLC increased its stake in Knight-Swift Transportation by 529.0% in the 3rd quarter. FMR LLC now owns 9,946,041 shares of the transportation company’s stock valued at $342,939,000 after buying an additional 8,364,913 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Knight-Swift Transportation by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,854,743 shares of the transportation company’s stock valued at $236,350,000 after buying an additional 297,157 shares during the last quarter. Millennium Management LLC increased its stake in Knight-Swift Transportation by 24.3% in the 2nd quarter. Millennium Management LLC now owns 4,563,750 shares of the transportation company’s stock valued at $174,381,000 after buying an additional 893,003 shares during the last quarter. Finally, Wasatch Advisors Inc. increased its stake in Knight-Swift Transportation by 26.2% in the 3rd quarter. Wasatch Advisors Inc. now owns 4,543,600 shares of the transportation company’s stock valued at $156,663,000 after buying an additional 942,617 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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