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

Knight-Swift Transportation (NYSE:KNX) will likely be releasing its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Knight-Swift Transportation to post earnings of $0.33 per share and revenue of $1,882,719.36 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was down 7.1% on a year-over-year basis. 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 Down 2.6 %

Shares of KNX stock opened at $54.87 on Monday. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 238.55, a P/E/G ratio of 0.95 and a beta of 0.98. The firm has a fifty day moving average of $55.39 and a 200-day moving average of $53.27. Knight-Swift Transportation has a 12-month low of $45.55 and a 12-month high of $60.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, December 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 278.26%.

Analyst Ratings Changes

KNX has been the topic of a number of analyst reports. Raymond James upped their price objective on Knight-Swift Transportation from $60.00 to $62.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 10th. Citigroup cut Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research note on Tuesday, November 12th. Morgan Stanley decreased their price objective on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. TD Cowen upped their price target on shares of Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Evercore ISI boosted their price target on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.56.

Insiders Place Their Bets

In other news, Chairman Kevin P. Knight sold 29,779 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total transaction of $1,703,061.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ploeg David Vander sold 500 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total value of $28,550.00. Following the transaction, the director now directly owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

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.