Knight-Swift Transportation (KNX) Releases Q2 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.62-0.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.63. Knight-Swift Transportation also updated its Q3 guidance to $0.62-0.66 EPS.

Shares of NYSE KNX traded down $0.05 during midday trading on Wednesday, hitting $34.95. The company’s stock had a trading volume of 19,180 shares, compared to its average volume of 2,145,358. Knight-Swift Transportation has a 1-year low of $23.27 and a 1-year high of $43.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $6.00 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.85 and a beta of 1.92.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Tuesday, January 29th. The transportation company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.01. Knight-Swift Transportation had a net margin of 7.85% and a return on equity of 8.46%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Knight-Swift Transportation will post 2.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, March 1st. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 9.38%.

A number of research firms have recently issued reports on KNX. ValuEngine lowered shares of Knight-Swift Transportation from a hold rating to a sell rating in a report on Tuesday, February 5th. TheStreet upgraded shares of Knight-Swift Transportation from a c+ rating to a b- rating in a report on Wednesday, February 13th. Zacks Investment Research upgraded shares of Knight-Swift Transportation from a hold rating to a buy rating and set a $37.00 price target on the stock in a report on Friday, February 1st. Finally, Wolfe Research lowered shares of Knight-Swift Transportation from an outperform rating to a market perform rating in a report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $45.17.

In related news, EVP James E. Jr. Updike sold 8,750 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $33.43, for a total transaction of $292,512.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shannon Breen sold 750 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $34.09, for a total transaction of $25,567.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 336,828 shares of company stock worth $11,196,519. Company insiders own 27.50% of the company’s stock.

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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.

Further Reading: Stock Symbol

Earnings History and Estimates for Knight-Swift Transportation (NYSE:KNX)

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