Knight-Swift Transportation (NYSE:KNX) Releases Q4 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.32-0.36 for the period, compared to the consensus estimate of $0.34. Knight-Swift Transportation also updated its Q1 guidance to $0.29-0.33 EPS.

Knight-Swift Transportation Stock Down 0.2 %

Shares of KNX stock traded down $0.13 on Wednesday, hitting $52.66. 1,745,315 shares of the stock were exchanged, compared to its average volume of 2,047,982. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $8.52 billion, a P/E ratio of 128.78, a price-to-earnings-growth ratio of 1.72 and a beta of 0.92. The business has a 50-day moving average of $52.26 and a 200 day moving average of $50.35. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue was up 18.9% on a year-over-year basis. Equities analysts anticipate that Knight-Swift Transportation will post 1.06 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.22%. Knight-Swift Transportation’s payout ratio is presently 156.10%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KNX. Citigroup assumed coverage on Knight-Swift Transportation in a report on Wednesday, October 9th. They set a “neutral” rating and a $55.00 target price on the stock. UBS Group lowered their target price on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. The Goldman Sachs Group lowered their target price on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI lowered their target price on Knight-Swift Transportation from $55.00 to $49.00 and set an “in-line” rating on the stock in a research note on Thursday, October 3rd. Finally, Susquehanna increased their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Hold” and an average target price of $54.60.

Insider Transactions at Knight-Swift Transportation

In other news, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total value of $304,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the sale, the director now directly owns 17,648 shares in the company, valued at $892,459.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael K. Liu sold 5,696 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $53.49, for a total value of $304,679.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,196 shares of company stock valued at $4,367,869. Corporate insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Company Profile

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.