Knight-Swift Transportation (KNX) Receiving Somewhat Favorable Media Coverage, Accern Reports
Media headlines about Knight-Swift Transportation (NYSE:KNX) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Knight-Swift Transportation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 44.6580401431582 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Knight-Swift Transportation Holdings Inc. (KNX)- Well recognized stock of Market – Nasdaq Fortune (press release) (nasdaqfortune.com)
- $1.39 Billion in Sales Expected for Knight-Swift Transportation Holdings Inc (KNX) This Quarter (americanbankingnews.com)
- Knight-Swift Transportation Holdings Inc (KNX) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- $0.38 EPS Expected for Knight-Swift Transportation Holdings Inc (KNX) This Quarter (americanbankingnews.com)
KNX has been the subject of a number of research analyst reports. Knight Equity raised shares of Knight-Swift Transportation to a “buy” rating in a research report on Tuesday, November 14th. UBS Group lowered their price objective on shares of Knight-Swift Transportation from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Seaport Global Securities reaffirmed a “buy” rating on shares of Knight-Swift Transportation in a research report on Thursday, September 21st. Citigroup initiated coverage on shares of Knight-Swift Transportation in a research report on Tuesday, September 19th. They set a “buy” rating and a $48.00 price objective for the company. Finally, ValuEngine cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $42.41.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Monday, November 6th. The transportation company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). Knight-Swift Transportation had a net margin of 2.44% and a return on equity of 7.48%. The firm had revenue of $521.61 million during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $0.34 earnings per share. equities research analysts expect that Knight-Swift Transportation will post 1.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Friday, December 1st were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.53%. Knight-Swift Transportation’s payout ratio is 8.70%.
In related news, Director Michael Garnreiter sold 1,000 shares of Knight-Swift Transportation stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $43.00, for a total transaction of $43,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Todd F. Carlson sold 9,000 shares of Knight-Swift Transportation stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total transaction of $353,160.00. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock worth $492,410 over the last 90 days. Company insiders own 44.90% of the company’s stock.
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About Knight-Swift 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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