Knight-Swift Transportation (NYSE:KNX) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.57-0.58 for the period, compared to the Thomson Reuters consensus estimate of $0.61. Knight-Swift Transportation also updated its Q3 guidance to $0.54-0.57 EPS.
Several equities research analysts recently issued reports on the stock. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the stock a hold rating in a research note on Monday, July 8th. Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the stock a hold rating in a report on Monday, July 1st. Finally, ValuEngine raised shares of Knight-Swift Transportation from a sell rating to a hold rating in a report on Sunday, June 30th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Knight-Swift Transportation has an average rating of Buy and an average price target of $42.90.
Shares of KNX stock opened at $35.09 on Thursday. Knight-Swift Transportation has a 1-year low of $23.27 and a 1-year high of $39.12. The business’s fifty day moving average is $31.65. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 0.93 and a beta of 1.99.
Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Knight-Swift Transportation had a net margin of 8.28% and a return on equity of 8.69%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts predict that Knight-Swift Transportation will post 2.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Monday, June 3rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, May 31st. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.38%.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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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