Knight-Swift Transportation (NYSE:KNX) Releases Q4 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.32-0.36 for the period, compared to the consensus estimate of $0.34. Knight-Swift Transportation also updated its Q1 guidance to $0.29-0.33 EPS.

Knight-Swift Transportation Stock Up 1.1 %

Shares of Knight-Swift Transportation stock opened at $52.53 on Friday. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 128.13, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92. The company’s 50 day moving average is $52.24 and its 200 day moving average is $50.38. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve month high of $60.99. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis. Research analysts anticipate that Knight-Swift Transportation will post 1.06 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were issued a $0.16 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.22%. Knight-Swift Transportation’s dividend payout ratio is currently 156.10%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KNX shares. Raymond James lifted their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Monday, October 14th. Bank of America lifted their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group dropped their price target on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. The Goldman Sachs Group dropped their price target on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, StockNews.com raised shares of Knight-Swift Transportation to a “sell” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued 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 price target of $55.94.

Insider Activity

In other news, Chairman Kevin P. Knight sold 45,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $51.53, for a total value of $2,318,850.00. Following the sale, the chairman now directly owns 1,422,360 shares of the company’s stock, valued at $73,294,210.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 45,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the completion of the transaction, the chairman now directly owns 1,422,360 shares in the company, valued at approximately $73,294,210.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the sale, the chairman now owns 1,467,360 shares of the company’s stock, valued at $73,852,228.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 85,196 shares of company stock valued at $4,367,869 in the last ninety days. 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.