Knight-Swift Transportation (NYSE:KNX) Posts Earnings Results, Misses Expectations By $0.07 EPS

Knight-Swift Transportation (NYSE:KNX) announced its quarterly earnings results on Wednesday. The transportation company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07), Briefing.com reports. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.53%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share.

Knight-Swift Transportation Price Performance

Knight-Swift Transportation stock traded down $0.54 during midday trading on Friday, reaching $46.60. 963,426 shares of the company were exchanged, compared to its average volume of 2,147,479. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 70.36, a P/E/G ratio of 2.48 and a beta of 0.99. The firm’s 50-day simple moving average is $53.72 and its 200-day simple moving average is $54.17. Knight-Swift Transportation has a 1 year low of $45.73 and a 1 year high of $60.99.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s payout ratio is 95.52%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $53.00 to $47.00 in a research report on Friday. Loop Capital downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and decreased their price target for the stock from $63.00 to $53.00 in a report on Thursday, April 18th. Susquehanna decreased their price target on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Robert W. Baird decreased their price target on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday. Finally, TD Cowen decreased their price target on Knight-Swift Transportation from $58.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $57.71.

Insider Buying and Selling

In other news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total value of $112,480.00. Following the completion of the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

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.