Knight-Swift Transportation (NYSE:KNX) released its earnings results on Tuesday. The transportation company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.10, MarketWatch Earnings reports. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. Knight-Swift Transportation had a net margin of 9.94% and a return on equity of 9.02%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS.
KNX traded up $0.85 during trading on Thursday, reaching $48.11. The company had a trading volume of 83,277 shares, compared to its average volume of 1,780,421. The company has a market capitalization of $7.96 billion, a PE ratio of 17.38, a P/E/G ratio of 0.87 and a beta of 1.31. The business’s 50 day moving average is $47.43. Knight-Swift Transportation has a 52 week low of $37.07 and a 52 week high of $51.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.09.
KNX has been the subject of a number of research analyst reports. Susquehanna Bancshares lowered shares of Knight-Swift Transportation to a “neutral” rating and set a $53.00 price objective for the company. in a report on Monday, April 12th. Citigroup increased their price objective on shares of Knight-Swift Transportation from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, July 14th. Susquehanna cut their price objective on shares of Knight-Swift Transportation from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday. Stephens increased their price objective on shares of Knight-Swift Transportation from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Stifel Europe initiated coverage on shares of Knight-Swift Transportation in a report on Monday, June 21st. They set a “buy” rating for the company. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Knight-Swift Transportation currently has an average rating of “Hold” and a consensus price target of $54.73.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, 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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