Wall Street analysts predict that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will announce earnings per share of $0.41 for the current quarter, Zacks reports. Five analysts have provided estimates for Knight-Swift Transportation’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.35. Knight-Swift Transportation posted earnings of $0.18 per share during the same quarter last year, which would indicate a positive year over year growth rate of 127.8%. The company is expected to announce its next earnings results on Monday, April 23rd.

On average, analysts expect that Knight-Swift Transportation will report full year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.44. For the next financial year, analysts forecast that the firm will report earnings of $2.72 per share, with EPS estimates ranging from $2.40 to $3.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Knight-Swift Transportation.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.13. Knight-Swift Transportation had a net margin of 12.58% and a return on equity of 5.92%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.29 earnings per share. Knight-Swift Transportation’s revenue for the quarter was up 370.2% compared to the same quarter last year.

A number of analysts have recently issued reports on the stock. Knight Equity upgraded shares of Knight-Swift Transportation to a “buy” rating in a research note on Sunday, November 26th. KeyCorp upgraded shares of Knight-Swift Transportation from a “sector weight” rating to an “overweight” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Cowen lifted their price objective on shares of Knight-Swift Transportation from $38.00 to $46.00 and gave the company a “market perform” rating in a research note on Wednesday, January 31st. Finally, Morgan Stanley assumed coverage on shares of Knight-Swift Transportation in a research note on Wednesday, December 13th. They set an “overweight” rating and a $50.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $49.60.

In other Knight-Swift Transportation news, General Counsel Todd F. Carlson sold 9,000 shares of Knight-Swift Transportation stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $39.24, for a total value of $353,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Garnreiter sold 1,000 shares of Knight-Swift Transportation stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. The disclosure for this sale can be found here. Insiders own 44.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its holdings in shares of Knight-Swift Transportation by 3.1% during the second quarter. HighTower Advisors LLC now owns 8,233 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 246 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Knight-Swift Transportation by 11.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,422 shares of the transportation company’s stock valued at $238,000 after acquiring an additional 639 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Knight-Swift Transportation by 0.8% during the second quarter. New York State Common Retirement Fund now owns 96,622 shares of the transportation company’s stock valued at $3,580,000 after acquiring an additional 721 shares during the period. Amalgamated Bank boosted its holdings in shares of Knight-Swift Transportation by 6.5% during the fourth quarter. Amalgamated Bank now owns 18,394 shares of the transportation company’s stock valued at $804,000 after acquiring an additional 1,124 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Knight-Swift Transportation by 79.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,007 shares of the transportation company’s stock valued at $131,000 after acquiring an additional 1,332 shares during the period. 78.21% of the stock is owned by hedge funds and other institutional investors.

Knight-Swift Transportation (NYSE:KNX) traded up $0.39 during midday trading on Friday, reaching $49.08. 283,133 shares of the company traded hands, compared to its average volume of 2,167,402. Knight-Swift Transportation has a 52-week low of $26.68 and a 52-week high of $51.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.32. The stock has a market capitalization of $8,478.51, a price-to-earnings ratio of 36.72 and a beta of 1.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Thursday, March 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio is presently 2.09%.

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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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Earnings History and Estimates for Knight-Swift Transportation (NYSE:KNX)

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