Knight-Swift Transportation (NYSE:KNX) Issues Quarterly Earnings Results

Knight-Swift Transportation (NYSE:KNX) announced its quarterly earnings results on Wednesday. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03), Briefing.com reports. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. 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 prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis.

Knight-Swift Transportation Trading Down 0.2 %

Knight-Swift Transportation stock traded down $0.09 during mid-day trading on Friday, hitting $51.96. The company’s stock had a trading volume of 1,233,401 shares, compared to its average volume of 2,118,978. The business has a 50 day moving average price of $48.70 and a 200-day moving average price of $52.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.93. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 77.94, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

Analyst Ratings Changes

A number of analysts recently weighed in on KNX shares. UBS Group decreased their target price on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. StockNews.com raised shares of Knight-Swift Transportation to a “sell” rating in a report on Thursday. Wells Fargo & Company began coverage on shares of Knight-Swift Transportation in a report on Friday, June 7th. They issued an “overweight” rating and a $56.00 price target for the company. Wolfe Research downgraded shares of Knight-Swift Transportation from an “outperform” rating to a “peer perform” rating in a report on Thursday, July 11th. Finally, Barclays cut their price target on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $56.79.

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.