Brokerages predict that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will post $1.31 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Knight-Swift Transportation’s earnings. The lowest sales estimate is $1.28 billion and the highest is $1.35 billion. Knight-Swift Transportation posted sales of $1.27 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The company is expected to issue its next quarterly earnings report on Wednesday, April 24th.
On average, analysts expect that Knight-Swift Transportation will report full-year sales of $5.56 billion for the current financial year, with estimates ranging from $5.45 billion to $5.78 billion. For the next financial year, analysts expect that the business will report sales of $5.84 billion, with estimates ranging from $5.67 billion to $6.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Tuesday, January 29th. The transportation company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.01. Knight-Swift Transportation had a return on equity of 8.46% and a net margin of 7.85%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year.
In related news, VP Shannon Breen sold 750 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $34.09, for a total transaction of $25,567.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin P. Knight sold 145,960 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $33.29, for a total value of $4,859,008.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 336,828 shares of company stock valued at $11,196,519. Insiders own 27.50% of the company’s stock.
Several institutional investors have recently modified their holdings of KNX. FMR LLC raised its position in shares of Knight-Swift Transportation by 529.0% during the 3rd quarter. FMR LLC now owns 9,946,041 shares of the transportation company’s stock worth $342,939,000 after purchasing an additional 8,364,913 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $81,221,000. Oregon Public Employees Retirement Fund raised its position in shares of Knight-Swift Transportation by 2,585.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,390,048 shares of the transportation company’s stock worth $95,000 after purchasing an additional 2,301,060 shares during the last quarter. NWQ Investment Management Company LLC acquired a new position in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $46,045,000. Finally, Ashmore Wealth Management LLC raised its position in shares of Knight-Swift Transportation by 47.9% during the 3rd quarter. Ashmore Wealth Management LLC now owns 2,340,158 shares of the transportation company’s stock worth $80,689,000 after purchasing an additional 757,714 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.
Shares of NYSE KNX traded up $0.23 during midday trading on Friday, reaching $32.68. 1,914,200 shares of the company were exchanged, compared to its average volume of 2,262,615. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.12. Knight-Swift Transportation has a 1 year low of $23.27 and a 1 year high of $46.87. The firm has a market cap of $5.43 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.77 and a beta of 1.93.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th were given a dividend of $0.06 per share. The ex-dividend date was Friday, March 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.73%. Knight-Swift Transportation’s payout ratio is 9.38%.
About Knight-Swift Transportation
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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