Equities research analysts expect Knight-Swift Transportation Holdings Inc (NYSE:KNX) to report sales of $1.41 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Knight-Swift Transportation’s earnings, with the highest sales estimate coming in at $1.45 billion and the lowest estimate coming in at $1.38 billion. Knight-Swift Transportation reported sales of $1.36 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The business is expected to issue its next quarterly earnings results on Tuesday, January 29th.
On average, analysts expect that Knight-Swift Transportation will report full-year sales of $5.38 billion for the current fiscal year, with estimates ranging from $5.33 billion to $5.50 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.71 billion, with estimates ranging from $5.52 billion to $5.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Knight-Swift Transportation had a net margin of 13.47% and a return on equity of 7.26%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The firm’s quarterly revenue was up 158.2% on a year-over-year basis.
KNX has been the subject of a number of research reports. Zacks Investment Research raised shares of Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, July 24th. ValuEngine cut shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Morgan Stanley set a $53.00 target price on shares of Knight-Swift Transportation and gave the company a “buy” rating in a report on Monday, October 22nd. KeyCorp reduced their target price on shares of Knight-Swift Transportation from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, July 26th. Finally, Barclays raised shares of Knight-Swift Transportation from an “equal weight” rating to an “overweight” rating and set a $55.00 target price for the company in a report on Monday, July 16th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.18.
Shares of KNX stock opened at $33.65 on Friday. Knight-Swift Transportation has a 12 month low of $29.00 and a 12 month high of $51.94. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.43 and a quick ratio of 1.47.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new stake in shares of Knight-Swift Transportation in the third quarter worth $135,000. Cerebellum GP LLC purchased a new stake in shares of Knight-Swift Transportation in the second quarter worth $164,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Knight-Swift Transportation by 43.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,177 shares of the transportation company’s stock worth $193,000 after purchasing an additional 1,272 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in shares of Knight-Swift Transportation by 97.8% in the second quarter. Point72 Hong Kong Ltd now owns 5,642 shares of the transportation company’s stock worth $216,000 after purchasing an additional 2,789 shares in the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Knight-Swift Transportation in the second quarter worth $240,000. 79.96% of the stock is owned by hedge funds and other institutional investors.
Knight-Swift Transportation Company Profile
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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