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

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup assumed coverage on Knight-Swift Transportation in a report on Wednesday, October 9th. They set a “neutral” rating and a $55.00 price target for the company. Barclays increased their price objective on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Bank of America increased their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen increased their price objective 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. Finally, The Goldman Sachs Group decreased their price objective 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and a consensus price target of $55.94.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock opened at $52.53 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $8.50 billion, a PE ratio of 128.13, a P/E/G ratio of 1.74 and a beta of 0.92. The firm has a fifty day simple moving average of $52.24 and a two-hundred day simple moving average of $50.38. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve month high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last posted 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. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. Research analysts expect that Knight-Swift Transportation will post 1.06 EPS for the current year.

Knight-Swift Transportation Announces Dividend

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

Insider Buying and Selling at Knight-Swift Transportation

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were 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 SEC, which is available at this hyperlink. In related news, EVP Michael K. Liu sold 5,696 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total transaction of $304,679.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert E. Synowicki, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were 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 $1,164,135.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,196 shares of company stock worth $4,367,869. 3.00% of the stock is currently owned by company 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.