Knight-Swift Transportation (NYSE:KNX) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Knight-Swift Transportation (NYSE:KNX) announced its earnings results on Wednesday. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07), Briefing.com reports. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS.

Knight-Swift Transportation Trading Down 0.5 %

Shares of NYSE KNX traded down $0.25 during midday trading on Friday, reaching $46.89. The company had a trading volume of 4,211,688 shares, compared to its average volume of 2,419,995. Knight-Swift Transportation has a one year low of $45.73 and a one year high of $60.99. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $53.52 and its 200-day moving average price is $54.15. The stock has a market cap of $7.57 billion, a PE ratio of 69.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, March 7th. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. Knight-Swift Transportation’s payout ratio is 95.52%.

Insider Activity

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the transaction, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at approximately $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays lowered their target price on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered their target price on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Susquehanna decreased their price objective on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating and decreased their price objective for the company from $53.00 to $47.00 in a research note on Friday. Finally, Bank of America decreased their price objective on Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.71.

Knight-Swift Transportation Company Profile

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.