Brokerages expect Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) to report sales of $1.78 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Knight-Swift Transportation’s earnings, with estimates ranging from $1.73 billion to $1.83 billion. Knight-Swift Transportation posted sales of $1.32 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 34.8%. The company is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Knight-Swift Transportation will report full-year sales of $7.22 billion for the current fiscal year, with estimates ranging from $7.04 billion to $7.51 billion. For the next financial year, analysts expect that the company will post sales of $7.26 billion, with estimates ranging from $6.78 billion to $7.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last issued its earnings results on Wednesday, April 20th. The transportation company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.09. Knight-Swift Transportation had a return on equity of 13.69% and a net margin of 12.45%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Knight-Swift Transportation’s revenue for the quarter was up 49.4% on a year-over-year basis.
In other Knight-Swift Transportation news, Director Michael Garnreiter sold 2,000 shares of the firm’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $54.37, for a total value of $108,740.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Dustin Ohlman sold 2,022 shares of the firm’s stock in a transaction on Wednesday, February 9th. The shares were sold at an average price of $57.16, for a total value of $115,577.52. The disclosure for this sale can be found here. Company insiders own 27.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the business. Country Trust Bank increased its stake in shares of Knight-Swift Transportation by 10.5% in the 1st quarter. Country Trust Bank now owns 630,117 shares of the transportation company’s stock worth $31,796,000 after acquiring an additional 60,128 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Knight-Swift Transportation by 971.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 52,714 shares of the transportation company’s stock worth $2,660,000 after acquiring an additional 47,795 shares during the last quarter. Truist Financial Corp increased its stake in shares of Knight-Swift Transportation by 10.7% in the 1st quarter. Truist Financial Corp now owns 911,985 shares of the transportation company’s stock worth $46,019,000 after acquiring an additional 88,011 shares during the last quarter. Wright Investors Service Inc. acquired a new stake in shares of Knight-Swift Transportation in the 1st quarter worth $427,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of Knight-Swift Transportation by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 43,500 shares of the transportation company’s stock worth $2,095,000 after acquiring an additional 800 shares during the last quarter. 85.99% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:KNX opened at $49.79 on Tuesday. Knight-Swift Transportation has a twelve month low of $44.22 and a twelve month high of $62.29. The company’s 50 day moving average is $51.22 and its 200 day moving average is $55.10. The company has a current ratio of 1.26, a quick ratio of 1.32 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.27 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.27.
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. The ex-dividend date was Thursday, March 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 9.76%.
Knight-Swift Transportation Company Profile (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.
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