Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Knight Transportation (KNX) Share Price
Media headlines about Knight Transportation (NYSE:KNX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Knight Transportation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the transportation company an impact score of 45.2872935576688 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research analysts have issued reports on KNX shares. BidaskClub upgraded Knight Transportation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Bank of America Corporation restated a “buy” rating and issued a $43.00 price target (up previously from $41.00) on shares of Knight Transportation in a research report on Monday, July 10th. Deutsche Bank AG set a $45.00 price target on Knight Transportation and gave the company a “buy” rating in a research report on Monday, July 31st. Buckingham Research initiated coverage on Knight Transportation in a research report on Monday, August 21st. They issued a “buy” rating and a $43.00 price target for the company. Finally, Zacks Investment Research cut Knight Transportation from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Knight Transportation presently has an average rating of “Buy” and a consensus price target of $38.44.
Shares of Knight Transportation (NYSE KNX) opened at 39.60 on Wednesday. The company’s 50 day moving average price is $36.40 and its 200-day moving average price is $34.22. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 40.82 and a beta of 0.86. Knight Transportation has a 1-year low of $26.85 and a 1-year high of $40.15.
Knight Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $283.88 million. Knight Transportation had a return on equity of 10.39% and a net margin of 7.03%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities analysts expect that Knight Transportation will post $0.99 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, August 30th. Knight Transportation’s payout ratio is presently 25.00%.
In other Knight Transportation news, General Counsel Todd F. Carlson sold 3,000 shares of Knight Transportation stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $37.86, for a total value of $113,580.00. Following the sale, the general counsel now owns 23,638 shares of the company’s stock, valued at approximately $894,934.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director G D. Madden sold 1,875 shares of Knight Transportation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $36.52, for a total value of $68,475.00. Following the completion of the sale, the director now directly owns 56,011 shares in the company, valued at approximately $2,045,521.72. The disclosure for this sale can be found here. Insiders sold a total of 7,675 shares of company stock worth $282,155 in the last three months. Company insiders own 9.90% of the company’s stock.
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About Knight Transportation
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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