Knight-Swift Transportation (NYSE:KNX) Releases FY 2022 Earnings Guidance

Knight-Swift Transportation (NYSE:KNXGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.200-$5.400 for the period, compared to the Thomson Reuters consensus estimate of $5.240. The company issued revenue guidance of -.

NYSE KNX traded up $2.30 during midday trading on Wednesday, hitting $48.11. The company had a trading volume of 128,738 shares, compared to its average volume of 1,742,957. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 0.59 and a beta of 1.27. The firm has a fifty day simple moving average of $51.74 and a two-hundred day simple moving average of $55.08. Knight-Swift Transportation has a fifty-two week low of $44.22 and a fifty-two week high of $62.29.

Knight-Swift Transportation (NYSE:KNXGet Rating) last posted its quarterly earnings results on Wednesday, January 26th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.18. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.73 billion. Knight-Swift Transportation had a net margin of 12.39% and a return on equity of 12.66%. The business’s quarterly revenue was up 42.2% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. As a group, equities analysts predict that Knight-Swift Transportation will post 5.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 28th. Stockholders of record on Friday, March 4th were given a dividend of $0.12 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, March 3rd. Knight-Swift Transportation’s payout ratio is 10.81%.

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an underweight rating on the stock in a research report on Friday, April 8th. StockNews.com assumed coverage on shares of Knight-Swift Transportation in a research report on Thursday, March 31st. They set a hold rating on the stock. Wolfe Research decreased their target price on shares of Knight-Swift Transportation from $55.00 to $48.00 and set an underperform rating on the stock in a research report on Tuesday, April 5th. Zacks Investment Research raised shares of Knight-Swift Transportation from a hold rating to a strong-buy rating and set a $63.00 price target for the company in a report on Monday, January 31st. Finally, Raymond James cut their price target on shares of Knight-Swift Transportation from $62.00 to $50.00 and set an outperform rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Buy and an average price target of $66.18.

In related news, VP Dustin Ohlman sold 2,022 shares of the business’s stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $57.16, for a total transaction of $115,577.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $54.37, for a total transaction of $108,740.00. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Neo Ivy Capital Management acquired a new position in Knight-Swift Transportation during the fourth quarter valued at approximately $122,000. Advisors Asset Management Inc. acquired a new position in Knight-Swift Transportation during the fourth quarter valued at approximately $168,000. Forum Financial Management LP acquired a new position in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $235,000. Cetera Investment Advisers acquired a new position in shares of Knight-Swift Transportation in the fourth quarter valued at approximately $247,000. Finally, William Blair Investment Management LLC boosted its holdings in shares of Knight-Swift Transportation by 5.5% in the fourth quarter. William Blair Investment Management LLC now owns 8,969 shares of the transportation company’s stock valued at $547,000 after buying an additional 464 shares during the period. 85.99% of the stock is owned by institutional investors and hedge funds.

About Knight-Swift Transportation (Get Rating)

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

Featured Stories

Receive News & Ratings for Knight-Swift Transportation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knight-Swift Transportation and related companies with MarketBeat.com's FREE daily email newsletter.