Knight-Swift Transportation Holdings Inc. to Post Q3 2024 Earnings of $0.35 Per Share, Zacks Research Forecasts (NYSE:KNX)

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) – Zacks Research reduced their Q3 2024 earnings per share estimates for Knight-Swift Transportation in a research note issued on Wednesday, May 8th. Zacks Research analyst S. Goswami now expects that the transportation company will post earnings per share of $0.35 for the quarter, down from their prior forecast of $0.55. The consensus estimate for Knight-Swift Transportation’s current full-year earnings is $1.27 per share. Zacks Research also issued estimates for Knight-Swift Transportation’s FY2024 earnings at $1.27 EPS.

KNX has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Evercore ISI lowered their price target on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a research report on Thursday, April 25th. Stifel Nicolaus cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $53.00 to $47.00 in a report on Friday, April 26th. Bank of America lowered their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Finally, Barclays cut their price target 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $57.71.

Knight-Swift Transportation Stock Up 2.1 %

KNX stock opened at $49.85 on Monday. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 74.40, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. The business’s 50 day moving average price is $51.65 and its two-hundred day moving average price is $54.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 0.93.

Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, June 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.28%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Insiders Place Their Bets

In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Knight-Swift Transportation

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new stake in Knight-Swift Transportation in the 1st quarter worth $25,000. GAMMA Investing LLC lifted its holdings in Knight-Swift Transportation by 67.5% in the 1st quarter. GAMMA Investing LLC now owns 628 shares of the transportation company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Knight-Swift Transportation by 136.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 667 shares of the transportation company’s stock worth $38,000 after purchasing an additional 385 shares during the period. Blue Trust Inc. grew its holdings in Knight-Swift Transportation by 80.3% during the 4th quarter. Blue Trust Inc. now owns 732 shares of the transportation company’s stock valued at $42,000 after buying an additional 326 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Knight-Swift Transportation by 61.7% during the fourth quarter. First Horizon Advisors Inc. now owns 742 shares of the transportation company’s stock valued at $43,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

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.