Analysts expect that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will post $0.72 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Knight-Swift Transportation’s earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.65. Knight-Swift Transportation reported earnings per share of $0.52 during the same quarter last year, which would suggest a positive year-over-year growth rate of 38.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, January 29th.
On average, analysts expect that Knight-Swift Transportation will report full-year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.27 to $2.40. For the next financial year, analysts expect that the company will post earnings of $2.71 per share, with EPS estimates ranging from $2.52 to $2.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Knight-Swift Transportation had a return on equity of 7.26% and a net margin of 13.47%. The business’s revenue was up 158.2% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share.
KNX has been the subject of a number of research reports. Zacks Investment Research upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Tuesday, July 24th. Morgan Stanley set a $53.00 target price on Knight-Swift Transportation and gave the company a “buy” rating in a research note on Monday, October 22nd. ValuEngine lowered Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Buckingham Research lowered their target price on Knight-Swift Transportation from $54.00 to $49.00 and set a “buy” rating for the company in a research note on Friday, October 12th. Finally, KeyCorp lowered their target price on Knight-Swift Transportation from $55.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, July 26th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Knight-Swift Transportation currently has an average rating of “Buy” and an average target price of $48.18.
Shares of NYSE KNX traded down $0.62 during midday trading on Friday, reaching $33.27. 52,958 shares of the company traded hands, compared to its average volume of 2,762,102. Knight-Swift Transportation has a 12 month low of $29.00 and a 12 month high of $51.94. The stock has a market cap of $5.99 billion, a PE ratio of 24.14, a PEG ratio of 0.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.43.
Hedge funds have recently made changes to their positions in the stock. Dai Ichi Life Insurance Company Ltd acquired a new stake in Knight-Swift Transportation in the second quarter worth about $4,087,000. Legal & General Group Plc increased its position in Knight-Swift Transportation by 13.2% in the second quarter. Legal & General Group Plc now owns 239,416 shares of the transportation company’s stock worth $9,148,000 after purchasing an additional 27,855 shares during the period. Grandeur Peak Global Advisors LLC increased its position in Knight-Swift Transportation by 33.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 797,220 shares of the transportation company’s stock worth $30,462,000 after purchasing an additional 200,675 shares during the period. Putnam Investments LLC acquired a new stake in Knight-Swift Transportation in the second quarter worth about $554,000. Finally, Stephens Inc. AR acquired a new stake in Knight-Swift Transportation in the second quarter worth about $319,000. Hedge funds and other institutional investors own 79.93% of the company’s stock.
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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