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

Knight-Swift Transportation (NYSE:KNX) issued an update on its third 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 Stock Performance

Shares of Knight-Swift Transportation stock traded down $0.46 during trading on Wednesday, reaching $48.98. The company’s stock had a trading volume of 2,572,567 shares, compared to its average volume of 2,095,261. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 0.93. The business’s fifty day moving average price is $48.68 and its 200-day moving average price is $52.18. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 73.79, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. As a group, equities research analysts predict that Knight-Swift Transportation will post 1.21 earnings per share for the current year.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were paid a $0.16 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.31%. Knight-Swift Transportation’s payout ratio is presently 95.52%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stephens lowered their price target on Knight-Swift Transportation from $65.00 to $60.00 and set an overweight rating on the stock in a research note on Thursday, April 18th. Robert W. Baird lowered their price target on Knight-Swift Transportation from $64.00 to $60.00 and set an outperform rating on the stock in a research note on Thursday, April 25th. Evercore ISI lowered their price target on Knight-Swift Transportation from $55.00 to $53.00 and set an in-line rating on the stock in a research note on Tuesday, June 25th. Raymond James started coverage on Knight-Swift Transportation in a report on Wednesday, May 15th. They set a strong-buy rating and a $58.00 price objective on the stock. Finally, UBS Group decreased their price objective on Knight-Swift Transportation from $59.00 to $58.00 and set a buy rating on the stock in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of Moderate Buy and an average price target of $56.07.

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.