Knight-Swift Transportation Holdings Inc. (KNX) To Go Ex-Dividend on December 6th

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Investors of record on Friday, December 6th will be paid a dividend of 0.16 per share by the transportation company on Monday, December 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, December 6th.

Knight-Swift Transportation has increased its dividend payment by an average of 20.5% annually over the last three years. Knight-Swift Transportation has a dividend payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Knight-Swift Transportation to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 29.2%.

Knight-Swift Transportation Stock Performance

NYSE KNX opened at $57.06 on Thursday. Knight-Swift Transportation has a 52-week low of $45.55 and a 52-week high of $60.99. The company has a 50-day simple moving average of $52.78 and a 200 day simple moving average of $50.86. The company has a market capitalization of $9.24 billion, a PE ratio of 248.10, a price-to-earnings-growth ratio of 2.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, research analysts predict that Knight-Swift Transportation will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

KNX has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of 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. Susquehanna increased their price objective on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. boosted their target price on Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Barclays raised their price target on Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Citigroup lowered shares of Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.38.

Insider Activity

In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the transaction, the director now owns 21,833 shares in the company, valued at approximately $1,164,135.56. 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. 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.