Equities analysts forecast that Knight-Swift (NYSE:KNX) will report sales of $1.32 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Knight-Swift’s earnings, with the lowest sales estimate coming in at $1.31 billion and the highest estimate coming in at $1.35 billion. Knight-Swift posted sales of $963.83 million in the same quarter last year, which suggests a positive year-over-year growth rate of 37%. The firm is expected to issue its next earnings results on Monday, April 23rd.
On average, analysts expect that Knight-Swift will report full year sales of $1.32 billion for the current year, with estimates ranging from $5.49 billion to $5.73 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.98 billion per share, with estimates ranging from $5.80 billion to $6.34 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Knight-Swift.
Knight-Swift (NYSE:KNX) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.13. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Knight-Swift had a net margin of 12.58% and a return on equity of 5.92%. The firm’s revenue was up 370.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS.
Several analysts have recently commented on KNX shares. Morgan Stanley started coverage on Knight-Swift in a report on Wednesday, December 13th. They set an “overweight” rating and a $50.00 target price on the stock. KeyCorp boosted their price objective on Knight-Swift from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Knight Equity boosted their price objective on Knight-Swift to $55.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded Knight-Swift from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, January 31st. Finally, Cowen upped their price target on Knight-Swift from $38.00 to $46.00 and gave the company a “market perform” rating in a research report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Knight-Swift currently has an average rating of “Buy” and an average target price of $50.65.
Hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. bought a new stake in Knight-Swift in the fourth quarter worth about $231,000. Grandeur Peak Global Advisors LLC grew its stake in shares of Knight-Swift by 119.3% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 591,570 shares of the transportation company’s stock valued at $25,863,000 after buying an additional 321,850 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of Knight-Swift during the fourth quarter valued at about $1,284,000. Envestnet Asset Management Inc. grew its stake in shares of Knight-Swift by 20.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,613 shares of the transportation company’s stock valued at $595,000 after buying an additional 2,346 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Knight-Swift by 57.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 83,158 shares of the transportation company’s stock valued at $3,636,000 after buying an additional 30,291 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors.
Shares of KNX stock traded down $1.57 during trading hours on Thursday, hitting $43.61. 4,137,781 shares of the company’s stock were exchanged, compared to its average volume of 2,068,597. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $7,770.82, a PE ratio of 31.60, a PEG ratio of 1.27 and a beta of 1.69. Knight-Swift has a 52 week low of $27.61 and a 52 week high of $51.94.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Thursday, March 1st were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.55%. Knight-Swift’s payout ratio is presently 17.39%.
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Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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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