Zacks: Brokerages Expect Knight-Swift Transportation Holdings Inc. (NYSE:KNX) to Announce $1.34 EPS

Analysts forecast that Knight-Swift Transportation Holdings Inc. (NYSE:KNXGet Rating) will post earnings of $1.34 per share for the current quarter, according to Zacks. Nine analysts have made estimates for Knight-Swift Transportation’s earnings, with estimates ranging from $1.27 to $1.45. Knight-Swift Transportation posted earnings per share of $0.98 during the same quarter last year, which would indicate a positive year over year growth rate of 36.7%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Knight-Swift Transportation will report full year earnings of $5.30 per share for the current fiscal year, with EPS estimates ranging from $5.15 to $5.40. For the next fiscal year, analysts expect that the firm will post earnings of $4.82 per share, with EPS estimates ranging from $4.40 to $5.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Knight-Swift Transportation.

Knight-Swift Transportation (NYSE:KNXGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The transportation company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.09. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.76 billion. Knight-Swift Transportation had a net margin of 12.45% and a return on equity of 13.69%. The company’s revenue for the quarter was up 49.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share.

Several equities analysts recently weighed in on KNX shares. Susquehanna Bancshares raised shares of Knight-Swift Transportation from a “neutral” rating to a “positive” rating and raised their price objective for the company from $62.00 to $69.00 in a research report on Friday, March 4th. Morgan Stanley raised their price objective on shares of Knight-Swift Transportation from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, January 27th. Raymond James lifted their price target on shares of Knight-Swift Transportation from $50.00 to $53.00 in a research report on Monday, April 25th. StockNews.com initiated coverage on shares of Knight-Swift Transportation in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, 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 on the stock in a research report on Monday, January 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Buy” and a consensus target price of $64.11.

Shares of KNX opened at $46.57 on Friday. The firm has a market cap of $7.62 billion, a PE ratio of 9.47, a PEG ratio of 0.60 and a beta of 1.23. The firm’s 50 day moving average price is $49.82 and its 200 day moving average price is $54.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.26 and a current ratio of 1.26. Knight-Swift Transportation has a twelve month low of $44.22 and a twelve month high of $62.29.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 27th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. Knight-Swift Transportation’s dividend payout ratio is currently 9.76%.

In other news, Director Michael Garnreiter sold 2,000 shares of the business’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $54.37, for a total value of $108,740.00. The sale was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Steward Financial Group LLC bought a new position in shares of Knight-Swift Transportation in the first quarter valued at about $26,000. Parkside Financial Bank & Trust raised its holdings in shares of Knight-Swift Transportation by 336.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 436 shares of the transportation company’s stock valued at $27,000 after buying an additional 336 shares during the last quarter. NuWave Investment Management LLC bought a new position in shares of Knight-Swift Transportation in the fourth quarter valued at about $28,000. TCI Wealth Advisors Inc. raised its holdings in shares of Knight-Swift Transportation by 263.9% in the first quarter. TCI Wealth Advisors Inc. now owns 655 shares of the transportation company’s stock valued at $33,000 after buying an additional 475 shares during the last quarter. Finally, Quent Capital LLC bought a new position in shares of Knight-Swift Transportation in the fourth quarter valued at about $36,000. Institutional investors own 86.20% of the company’s stock.

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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