Knight-Swift Transportation (NYSE:KNX) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Knight-Swift Transportation (NYSE:KNX) released its quarterly earnings results on Wednesday. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.07), Briefing.com reports. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.53%. Knight-Swift Transportation’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS.

Knight-Swift Transportation Stock Down 1.1 %

NYSE:KNX traded down $0.54 on Friday, reaching $46.60. 963,426 shares of the stock traded hands, compared to its average volume of 2,147,479. The company’s fifty day simple moving average is $53.72 and its 200 day simple moving average is $54.17. Knight-Swift Transportation has a 12 month low of $45.73 and a 12 month high of $60.99. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 70.36, a PEG ratio of 2.48 and a beta of 0.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were paid a dividend of $0.16 per share. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 95.52%.

Insider Transactions at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the business’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 transaction of $112,480.00. Following the completion of the sale, the chief accounting officer now directly owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KNX. Stifel Nicolaus cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $53.00 to $47.00 in a report on Friday. Evercore ISI reduced their price objective on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating for the company in a report on Thursday. Loop Capital lowered shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. Bank of America reduced their price objective on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Finally, Robert W. Baird lowered their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $57.71.

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.