Knight-Swift Transportation (NYSE:KNX) Issues Q3 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.31-$0.35 for the period, compared to the consensus EPS estimate of $0.49. Knight-Swift Transportation also updated its Q2 guidance to $0.26-$0.30 EPS.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating on the stock in a research report on Tuesday, April 9th. Bank of America decreased their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a buy rating on the stock in a report on Thursday, April 18th. Susquehanna decreased their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a neutral rating on the stock in a report on Thursday, April 18th. Barclays decreased their price objective on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating on the stock in a report on Thursday, April 18th. Finally, Robert W. Baird decreased their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an outperform rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $57.71.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock traded down $0.25 during trading hours on Friday, reaching $46.89. 4,211,688 shares of the stock were exchanged, compared to its average volume of 2,419,995. The company has a market cap of $7.57 billion, a P/E ratio of 69.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation has a twelve month low of $45.73 and a twelve month high of $60.99. The stock has a 50 day moving average of $53.52 and a two-hundred day moving average of $54.15.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. Equities analysts expect that Knight-Swift Transportation will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

Insiders Place Their Bets

In other news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at $287,836.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.