Knight-Swift Transportation (KNX) to Release Quarterly Earnings on Wednesday

Knight-Swift Transportation (NYSE:KNX) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Knight-Swift Transportation to post earnings of $0.37 per share for the quarter. Knight-Swift Transportation has set its Q1 guidance at $0.37-$0.41 EPS and its Q2 guidance at $0.53-$0.57 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, January 24th. The transportation company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.38). Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. On average, analysts expect Knight-Swift Transportation to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Knight-Swift Transportation Price Performance

Shares of KNX opened at $50.77 on Wednesday. The firm has a 50-day simple moving average of $55.30 and a two-hundred day simple moving average of $54.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. Knight-Swift Transportation has a 1-year low of $45.73 and a 1-year high of $60.99. The stock has a market cap of $8.20 billion, a PE ratio of 38.17, a P/E/G ratio of 1.44 and a beta of 0.99.

Knight-Swift Transportation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.16 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.26%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 48.12%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KNX shares. JPMorgan Chase & Co. lowered their price objective on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Barclays cut their price objective on shares of Knight-Swift Transportation from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, April 1st. Susquehanna cut their target price on shares of Knight-Swift Transportation from $62.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Knight-Swift Transportation from $54.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus target price of $62.75.

Insiders Place Their Bets

In related news, CAO Cary M. Flanagan sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at approximately $287,836.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several institutional investors and hedge funds have recently made changes to their positions in KNX. Norges Bank purchased a new stake in shares of Knight-Swift Transportation in the 4th quarter worth about $90,026,000. Wellington Management Group LLP boosted its position in shares of Knight-Swift Transportation by 13.4% in the 1st quarter. Wellington Management Group LLP now owns 8,219,189 shares of the transportation company’s stock worth $414,739,000 after buying an additional 972,139 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Knight-Swift Transportation by 94.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,841,620 shares of the transportation company’s stock worth $85,249,000 after buying an additional 892,933 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Knight-Swift Transportation in the 1st quarter worth about $27,013,000. Finally, Morgan Stanley lifted its holdings in Knight-Swift Transportation by 8.4% in the 4th quarter. Morgan Stanley now owns 5,015,443 shares of the transportation company’s stock valued at $262,859,000 after purchasing an additional 387,501 shares in the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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.