Knight-Swift Transportation (NYSE:KNX) Releases Q2 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.26-$0.30 for the period, compared to the consensus estimate of $0.34. Knight-Swift Transportation also updated its Q3 guidance to $0.31-$0.35 EPS.

Knight-Swift Transportation Stock Performance

Shares of NYSE:KNX traded down $0.25 during midday trading on Friday, hitting $46.89. The company had a trading volume of 4,211,688 shares, compared to its average volume of 2,419,995. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.94. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 69.97, a PEG ratio of 2.41 and a beta of 0.99. Knight-Swift Transportation has a 12-month low of $45.73 and a 12-month high of $60.99. The company has a fifty day moving average of $53.52 and a two-hundred day moving average of $54.15.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.07). The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. On average, equities research analysts expect that Knight-Swift Transportation will post 1.31 EPS for the current fiscal year.

Knight-Swift Transportation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were given a dividend of $0.16 per share. 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 dividend on an annualized basis and a dividend yield of 1.36%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KNX shares. JPMorgan Chase & Co. lowered their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating for the company in a report on Tuesday, April 9th. Loop Capital downgraded shares of Knight-Swift Transportation from a buy rating to a hold rating and lowered their price target for the company from $63.00 to $53.00 in a report on Thursday, April 18th. 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 report on Thursday. Barclays lowered their price target on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating for the company in a report on Thursday, April 18th. Finally, Bank of America lowered their price target 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $57.71.

Insider Activity at Knight-Swift Transportation

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the company’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 completion of the transaction, the chief accounting officer now owns 5,118 shares in the company, valued at $287,836.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

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.