Knight-Swift Transportation (KNX) Set to Announce Quarterly Earnings on Wednesday

Knight-Swift Transportation (NYSE:KNX) will post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Knight-Swift Transportation to post earnings of $0.35 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the firm earned $0.49 earnings per share. Knight-Swift Transportation’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts expect Knight-Swift Transportation to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Knight-Swift Transportation Stock Performance

Shares of KNX stock opened at $52.31 on Tuesday. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 127.59, a P/E/G ratio of 1.72 and a beta of 0.92. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $60.99. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $52.25 and its 200-day simple moving average is $50.35.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were given a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.22%. Knight-Swift Transportation’s payout ratio is presently 156.10%.

Insider Activity

In related news, Chairman Kevin P. Knight sold 45,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the completion of the transaction, the chairman now owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Kevin P. Knight sold 45,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the transaction, the chairman now owns 1,422,360 shares of the company’s stock, valued at approximately $73,294,210.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the transaction, the chairman now owns 1,467,360 shares of the company’s stock, valued at approximately $73,852,228.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,196 shares of company stock valued at $4,367,869. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Citigroup began coverage on shares of Knight-Swift Transportation in a research note on Wednesday, October 9th. They issued a “neutral” rating and a $55.00 price target on the stock. Bank of America lifted their price objective on Knight-Swift Transportation from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Susquehanna upped their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Finally, Wolfe Research lowered Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $54.60.

About Knight-Swift Transportation

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.