Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 4th will be given a dividend of 0.20 per share by the transportation company on Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, September 4th.
Knight-Swift Transportation has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 6 years. Knight-Swift Transportation has a payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Knight-Swift Transportation to earn $3.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 20.3%.
Knight-Swift Transportation Price Performance
Shares of NYSE KNX opened at $66.69 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $10.85 billion, a PE ratio of 256.51, a P/E/G ratio of 0.57 and a beta of 1.18. Knight-Swift Transportation has a 1-year low of $38.63 and a 1-year high of $82.86. The business’s fifty day moving average price is $72.58 and its two-hundred day moving average price is $67.42.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Knight-Swift Transportation in a research note on Monday, July 13th. Bank of America upped their price objective on Knight-Swift Transportation from $90.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company upped their price target on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Raymond James Financial boosted their target price on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 2nd. Finally, Stephens upgraded shares of Knight-Swift Transportation to a “strong-buy” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $83.89.
Check Out Our Latest Report on Knight-Swift Transportation
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.
The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.
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