Knight-Swift Transportation (NYSE:KNX) Issues Q2 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.26-$0.30 for the period, compared to the consensus EPS estimate of $0.34. Knight-Swift Transportation also updated its Q3 guidance to $0.31-$0.35 EPS.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America lowered their price objective on Knight-Swift Transportation from $58.00 to $54.00 and set a buy rating for the company in a research report on Thursday, April 18th. Barclays lowered their price objective on Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating for the company in a research report on Thursday, April 18th. Loop Capital lowered Knight-Swift Transportation from a buy rating to a hold rating and lowered their price objective for the company from $63.00 to $53.00 in a research report on Thursday, April 18th. Susquehanna lowered their price target on Knight-Swift Transportation from $59.00 to $50.00 and set a neutral rating for the company in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. lowered their price target on Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating for the company in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Knight-Swift Transportation has an average rating of Moderate Buy and a consensus target price of $57.77.

Knight-Swift Transportation Stock Down 1.5 %

Shares of NYSE KNX traded down $0.73 during mid-day trading on Wednesday, reaching $48.50. 3,298,149 shares of the company were exchanged, compared to its average volume of 2,139,522. The firm has a 50-day moving average of $53.94 and a 200 day moving average of $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 has a 1 year low of $45.73 and a 1 year high of $60.99. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 36.47, a P/E/G ratio of 2.46 and a beta of 0.99.

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 the consensus estimate of $0.47 by ($0.38). The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. On average, research analysts expect that Knight-Swift Transportation will post 1.31 earnings per share for the current year.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.16 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. Knight-Swift Transportation’s payout ratio is currently 48.12%.

Insider Buying and Selling

In related news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the sale, the chief accounting officer now 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 through this link. 3.00% of the stock is currently owned by company 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.