Knight-Swift Transportation (NYSE:KNX) Updates Q4 2024 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.320-0.360 for the period. The company issued revenue guidance of -. Knight-Swift Transportation also updated its Q3 guidance to $0.32-0.36 EPS.

Knight-Swift Transportation Trading Down 0.8 %

NYSE KNX traded down $0.41 during trading hours on Wednesday, hitting $49.03. The company’s stock had a trading volume of 2,572,780 shares, compared to its average volume of 2,095,263. The stock has a fifty day moving average of $48.68 and a 200 day moving average of $52.18. The firm has a market capitalization of $7.92 billion, a P/E ratio of 73.79, a PEG ratio of 1.31 and a beta of 0.94. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve month high of $60.99. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25.

Knight-Swift Transportation (NYSE:KNX) last announced 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). Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts forecast that Knight-Swift Transportation will post 1.21 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.64 annualized dividend and a yield of 1.31%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Analyst Ratings Changes

Several research firms have recently weighed in on KNX. Stifel Nicolaus cut Knight-Swift Transportation from a buy rating to a hold rating and cut their price objective for the company from $53.00 to $47.00 in a report on Friday, April 26th. Barclays reduced their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating for the company in a research note on Thursday, April 18th. Stephens dropped their target price on Knight-Swift Transportation from $65.00 to $60.00 and set an overweight rating on the stock in a research report on Thursday, April 18th. Wolfe Research cut shares of Knight-Swift Transportation from an outperform rating to a peer perform rating in a report on Thursday, July 11th. Finally, Robert W. Baird lowered their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation presently has an average rating of Moderate Buy and a consensus target price 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.