Knight-Swift Transportation (NYSE:KNX) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Knight-Swift Transportation (NYSE:KNX) announced its quarterly earnings data on Wednesday. The transportation company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12, FiscalAI reports. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. Knight-Swift Transportation had a return on equity of 2.94% and a net margin of 0.45%.The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. Knight-Swift Transportation updated its Q3 2026 guidance to 0.710-0.770 EPS.

Here are the key takeaways from Knight-Swift Transportation’s conference call:

• Knight-Swift said the truckload market tightened materially in Q2, with spot rates, tender rejections, and bid activity improving; management believes this is starting to translate into better contract pricing and revenue per mile, especially in June and into Q3.
• Second-quarter results improved sharply, with consolidated adjusted EPS up 80% year over year to $0.63 and adjusted operating income up 45.5%, driven by pricing gains and network efficiency across asset-based businesses.
• The Truckload segment posted its best adjusted operating margin in over three years, and U.S. Xpress’s over-the-road division turned profitable for the first time since acquisition, highlighting progress from rate recovery and tighter network management.
• Management expects driver availability to remain a constraint, but said it is taking targeted Q3 actions on pay, recruiting, and productivity incentives to improve seated tractors while balancing margin restoration.
• The company raised its third-quarter adjusted EPS guidance to $0.71-$0.77 and emphasized that the new convertible bond financing should save about $44 million annually pre-tax while extending maturities and limiting dilution.

Knight-Swift Transportation Trading Down 0.9%

NYSE KNX opened at $76.03 on Thursday. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 362.06, a PEG ratio of 0.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.70 and a current ratio of 0.70. Knight-Swift Transportation has a one year low of $38.63 and a one year high of $82.86. The company’s 50 day moving average price is $75.45 and its 200 day moving average price is $64.78.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is 380.95%.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of hedge funds have recently made changes to their positions in KNX. Wellington Management Group LLP lifted its stake in shares of Knight-Swift Transportation by 23.6% during the fourth quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock worth $675,380,000 after purchasing an additional 2,468,293 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Knight-Swift Transportation by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock valued at $439,016,000 after purchasing an additional 129,651 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in Knight-Swift Transportation by 50.4% during the 4th quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after purchasing an additional 984,422 shares in the last quarter. Invesco Ltd. grew its stake in Knight-Swift Transportation by 513.6% during the 4th quarter. Invesco Ltd. now owns 2,416,865 shares of the transportation company’s stock valued at $126,354,000 after purchasing an additional 2,022,996 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Knight-Swift Transportation by 36.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,248,258 shares of the transportation company’s stock worth $99,440,000 after purchasing an additional 601,108 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation News Summary

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Knight-Swift beat Wall Street’s Q2 expectations, reporting adjusted EPS of $0.63 versus the $0.51 consensus and revenue of $2.10 billion versus $2.05 billion expected. The company also delivered a big year-over-year EPS improvement from $0.21, signaling stronger profitability. Article Title
• Positive Sentiment: The company raised confidence for the next quarter by guiding Q3 2026 EPS to $0.71-$0.77, above the $0.67 analyst estimate, suggesting management sees continued momentum in freight demand and operating performance. Article Title
• Neutral Sentiment: Knight-Swift was also named to Zacks’ Rank #1 (Strong Buy) growth stocks list, which may add some sentiment support, though it is less directly tied to fundamentals than the earnings release. Article Title

Analysts Set New Price Targets

KNX has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Morgan Stanley upped their price objective on shares of Knight-Swift Transportation from $70.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Susquehanna upgraded shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and set a $90.00 price objective on the stock in a report on Tuesday, June 2nd. Zacks Research raised shares of Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Citizens Jmp assumed coverage on shares of Knight-Swift Transportation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $90.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $80.44.

About Knight-Swift Transportation

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.