Knight-Swift Transportation Holdings Inc. (KNX) to Issue Quarterly Dividend of $0.20 on June 22nd

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Monday, June 8th will be paid a dividend of 0.20 per share by the transportation company on Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 8th.

Knight-Swift Transportation has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Knight-Swift Transportation has a dividend payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Knight-Swift Transportation to earn $3.46 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 23.1%.

Knight-Swift Transportation Trading Up 0.0%

NYSE:KNX opened at $78.59 on Friday. The stock has a market cap of $12.77 billion, a PE ratio of 374.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18. Knight-Swift Transportation has a fifty-two week low of $38.63 and a fifty-two week high of $79.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50-day moving average is $65.63 and its two-hundred day moving average is $58.45.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.20). Knight-Swift Transportation had a net margin of 0.45% and a return on equity of 2.94%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the company earned $0.28 EPS. Knight-Swift Transportation’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that Knight-Swift Transportation will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

KNX has been the topic of a number of recent research reports. Benchmark boosted their target price on Knight-Swift Transportation from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Robert W. Baird upped their price target on Knight-Swift Transportation from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded Knight-Swift Transportation from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, April 15th. Wells Fargo & Company upped their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.19.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.