Equities analysts forecast that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will report $1.28 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Knight-Swift Transportation’s earnings, with estimates ranging from $1.24 billion to $1.31 billion. Knight-Swift Transportation posted sales of $1.27 billion during the same quarter last year, which suggests a positive year over year growth rate of 0.8%. The firm is expected to announce its next quarterly earnings results before the market opens on Wednesday, April 24th.
On average, analysts expect that Knight-Swift Transportation will report full year sales of $5.52 billion for the current year, with estimates ranging from $5.41 billion to $5.68 billion. For the next financial year, analysts forecast that the firm will post sales of $5.72 billion, with estimates ranging from $5.17 billion to $6.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Tuesday, January 29th. The transportation company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. Knight-Swift Transportation had a net margin of 7.85% and a return on equity of 8.46%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS.
A number of research analysts have weighed in on KNX shares. TheStreet raised shares of Knight-Swift Transportation from a “c+” rating to a “b-” rating in a research report on Wednesday, February 13th. Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, February 1st. ValuEngine upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Wolfe Research downgraded shares of Knight-Swift Transportation from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Knight-Swift Transportation currently has a consensus rating of “Buy” and an average target price of $45.17.
Knight-Swift Transportation stock opened at $33.58 on Friday. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.82 and a beta of 1.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.48 and a quick ratio of 1.48. Knight-Swift Transportation has a fifty-two week low of $23.27 and a fifty-two week high of $44.86.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, March 4th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.24 annualized dividend and a dividend yield of 0.71%. Knight-Swift Transportation’s payout ratio is 9.38%.
In other news, Vice Chairman Gary J. Knight sold 180,368 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $33.18, for a total transaction of $5,984,610.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shannon Breen sold 750 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $34.09, for a total transaction of $25,567.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 336,828 shares of company stock worth $11,196,519. Insiders own 27.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Morgan Stanley increased its stake in Knight-Swift Transportation by 46.9% in the third quarter. Morgan Stanley now owns 2,294,531 shares of the transportation company’s stock valued at $79,115,000 after acquiring an additional 732,762 shares during the period. JPMorgan Chase & Co. increased its stake in Knight-Swift Transportation by 19.6% in the third quarter. JPMorgan Chase & Co. now owns 2,916,099 shares of the transportation company’s stock valued at $100,547,000 after acquiring an additional 476,959 shares during the period. Macquarie Group Ltd. increased its stake in Knight-Swift Transportation by 2.1% in the third quarter. Macquarie Group Ltd. now owns 1,093,027 shares of the transportation company’s stock valued at $37,693,000 after acquiring an additional 22,112 shares during the period. MetLife Investment Advisors LLC bought a new stake in Knight-Swift Transportation in the third quarter valued at about $2,707,000. Finally, Hsbc Holdings PLC increased its stake in Knight-Swift Transportation by 26.0% in the fourth quarter. Hsbc Holdings PLC now owns 58,613 shares of the transportation company’s stock valued at $1,470,000 after acquiring an additional 12,111 shares during the period. Institutional investors own 82.56% of the company’s stock.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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