Knight-Swift Transportation (NYSE:KNX) Updates Q2 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.26-$0.30 for the period, compared to the consensus earnings per share estimate of $0.34. Knight-Swift Transportation also updated its Q3 guidance to $0.31-$0.35 EPS.

Wall Street Analyst Weigh In

Several equities analysts have commented on KNX shares. TD Cowen lowered their target price on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a buy rating on the stock in a research report on Thursday, April 18th. Stifel Nicolaus decreased their price target on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a buy rating for the company in a report on Thursday, April 18th. Loop Capital cut shares of Knight-Swift Transportation from a buy rating to a hold rating and decreased their price target for the company from $63.00 to $53.00 in a report on Thursday, April 18th. Barclays decreased their price target on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating for the company in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating for the company in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $57.77.

Knight-Swift Transportation Price Performance

NYSE:KNX traded down $0.73 during mid-day trading on Wednesday, hitting $48.50. The company’s stock had a trading volume of 3,298,149 shares, compared to its average volume of 2,139,522. Knight-Swift Transportation has a fifty-two week low of $45.73 and a fifty-two week high of $60.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 36.47, a P/E/G ratio of 2.46 and a beta of 0.99. The stock has a fifty day moving average of $53.94 and a 200-day moving average of $54.22.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.38). Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. As a group, equities analysts forecast that Knight-Swift Transportation will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were issued a dividend of $0.16 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.32%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 48.12%.

Insider Transactions at Knight-Swift Transportation

In other news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the sale, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at $287,836.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.