Knight-Swift Transportation (NYSE:KNX) Announces Earnings Results

Knight-Swift Transportation (NYSE:KNX) released its quarterly earnings data on Wednesday. The transportation company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03, Zacks reports. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%.

Knight-Swift Transportation Price Performance

NYSE KNX traded down $0.46 during trading hours on Wednesday, hitting $54.84. The company had a trading volume of 3,251,323 shares, compared to its average volume of 1,934,902. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 238.42, a PEG ratio of 1.02 and a beta of 0.98. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $60.99. The firm has a 50 day simple moving average of $55.29 and a 200 day simple moving average of $53.34.

Knight-Swift Transportation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. Knight-Swift Transportation’s payout ratio is 278.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KNX shares. Bank of America lifted their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Susquehanna raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Barclays lifted their target price on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Morgan Stanley reduced their target price on Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, TD Cowen lifted their price target on Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation has an average rating of “Moderate Buy” and a consensus target price of $58.56.

Insider Activity

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

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.