Knight-Swift Transportation (NYSE:KNX) Issues Earnings Results, Beats Expectations By $0.02 EPS

Knight-Swift Transportation (NYSE:KNX) announced its quarterly earnings data on Wednesday. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02, Briefing.com reports. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the business posted $0.41 EPS. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year.

Knight-Swift Transportation Price Performance

Shares of KNX traded down $0.80 during midday trading on Thursday, reaching $51.94. The stock had a trading volume of 3,793,221 shares, compared to its average volume of 2,070,448. The company’s 50-day moving average is $52.27 and its 200 day moving average is $50.37. Knight-Swift Transportation has a 12-month low of $45.55 and a 12-month high of $60.99. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 126.69, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, September 6th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 156.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KNX shares. The Goldman Sachs Group lowered their price objective on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Raymond James upped their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Monday, October 14th. Susquehanna upped their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. UBS Group decreased their price target on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, Evercore ISI upped their price target on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.88.

Insider Transactions at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 5,696 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Michael K. Liu sold 5,696 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $53.32, for a total value of $133,300.00. Following the completion of the transaction, the director now owns 21,833 shares of the company’s stock, valued at $1,164,135.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 85,196 shares of company stock worth $4,367,869. 3.00% of the stock is currently owned by corporate insiders.

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.