Knight-Swift Transportation (NYSE: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 earnings per share (EPS) guidance of $0.26-$0.30 for the period, compared to the consensus estimate of $0.34. Knight-Swift Transportation also updated its Q3 guidance to $0.31-$0.35 EPS.

Knight-Swift Transportation Trading Down 0.5 %

Shares of KNX stock traded down $0.25 during mid-day trading on Friday, reaching $46.89. 4,211,688 shares of the stock traded hands, compared to its average volume of 2,419,995. The stock’s fifty day simple moving average is $53.52 and its two-hundred day simple moving average is $54.15. Knight-Swift Transportation has a 1-year low of $45.73 and a 1-year high of $60.99. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 69.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 0.25.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the business earned $0.73 earnings per share. Knight-Swift Transportation’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts anticipate that Knight-Swift Transportation will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a $0.16 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s payout ratio is presently 95.52%.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of research reports. Stifel Nicolaus cut Knight-Swift Transportation from a buy rating to a hold rating and reduced their price objective for the company from $53.00 to $47.00 in a research note on Friday. Stephens reduced their price objective on Knight-Swift Transportation from $65.00 to $60.00 and set an overweight rating for the company in a research note on Thursday, April 18th. Robert W. Baird reduced their price objective on Knight-Swift Transportation from $64.00 to $60.00 and set an outperform rating for the company in a research note on Thursday. Bank of America reduced their price objective on Knight-Swift Transportation from $58.00 to $54.00 and set a buy rating for the company in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. cut their target price on Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating on the stock in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $57.71.

Insider Activity at Knight-Swift Transportation

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 transaction of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate 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.