Swift Transportation Company (NYSE:KNX) – Research analysts at KeyCorp issued their FY2017 earnings per share estimates for shares of Swift Transportation in a research note issued on Tuesday. KeyCorp analyst T. Fowler forecasts that the transportation company will post earnings of $1.05 per share for the year. KeyCorp also issued estimates for Swift Transportation’s Q4 2017 earnings at $0.37 EPS and FY2018 earnings at $1.60 EPS.
Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). The firm had revenue of $521.61 million for the quarter, compared to analyst estimates of $1.33 billion. Swift Transportation had a net margin of 2.44% and a return on equity of 7.48%. During the same period in the prior year, the company posted $0.34 earnings per share. COPYRIGHT VIOLATION WARNING: “KeyCorp Comments on Swift Transportation Company’s FY2017 Earnings (KNX)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/12/keycorp-comments-on-swift-transportation-companys-fy2017-earnings-knx.html.
Other equities research analysts have also issued reports about the company. Deutsche Bank AG set a $45.00 price target on Swift Transportation and gave the company a “buy” rating in a research report on Monday, July 31st. UBS AG upped their price target on Swift Transportation from $43.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Seaport Global Securities reissued a “buy” rating on shares of Swift Transportation in a research report on Thursday, September 21st. Citigroup Inc. started coverage on Swift Transportation in a research report on Tuesday, September 19th. They set a “buy” rating and a $48.00 price target on the stock. Finally, ValuEngine raised Swift Transportation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $41.13.
Shares of Swift Transportation (KNX) opened at $38.38 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.41 and a current ratio of 1.32. The stock has a market capitalization of $6,863.58, a P/E ratio of 28.99 and a beta of 2.07. Swift Transportation has a 52-week low of $26.68 and a 52-week high of $44.45.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of Swift Transportation by 72.0% during the third quarter. Amalgamated Bank now owns 17,270 shares of the transportation company’s stock valued at $718,000 after purchasing an additional 7,230 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Swift Transportation by 539.9% during the third quarter. American International Group Inc. now owns 345,298 shares of the transportation company’s stock valued at $14,347,000 after purchasing an additional 291,336 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in shares of Swift Transportation by 8.4% during the third quarter. Wasatch Advisors Inc. now owns 5,564,873 shares of the transportation company’s stock valued at $231,220,000 after purchasing an additional 431,493 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of Swift Transportation during the third quarter valued at $2,668,000. Finally, 1060 Capital LLC purchased a new stake in shares of Swift Transportation during the third quarter valued at $12,049,000.
In related news, General Counsel Todd F. Carlson sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $37.86, for a total transaction of $113,580.00. Following the completion of the transaction, the general counsel now owns 23,638 shares of the company’s stock, valued at $894,934.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.90% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 1st will be paid a $0.06 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.63%.
Swift Transportation Company Profile
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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