Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Announces Quarterly Dividend of $0.18

Key Points

• Knight-Swift Transportation Holdings Inc. has declared a quarterly dividend of $0.18 per share, which will be paid to stockholders of record on September 5th, with a dividend yield of 1.7%.
• The company reported earnings of $0.35 per share in its latest quarter, exceeding estimates, and had a revenue of $1.86 billion, slightly below analyst expectations.
• Knight-Swift has a solid payout ratio of 28.8%, indicating that its dividend is well-supported by earnings, with projections for future earnings expected to cover dividends comfortably.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Stockholders of record on Friday, September 5th will be paid a dividend of 0.18 per share by the transportation company on Monday, September 22nd. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, September 5th.

Knight-Swift Transportation has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Knight-Swift Transportation to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 20.6%.

Knight-Swift Transportation Stock Performance

Shares of Knight-Swift Transportation stock traded down $0.38 during trading hours on Monday, hitting $40.73. 1,505,011 shares of the company's stock traded hands, compared to its average volume of 2,879,740. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 0.62 and a beta of 1.17. Knight-Swift Transportation has a 12-month low of $36.69 and a 12-month high of $61.51. The company has a fifty day simple moving average of $44.48 and a 200-day simple moving average of $45.64.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.87 billion. Knight-Swift Transportation had a return on equity of 3.03% and a net margin of 2.22%. The firm's revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. Equities research analysts anticipate that Knight-Swift Transportation will post 2.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on KNX. The Goldman Sachs Group raised Knight-Swift Transportation from a "neutral" rating to a "buy" rating and boosted their target price for the company from $45.00 to $65.00 in a research note on Monday, June 2nd. Barclays lowered their target price on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Benchmark restated a "buy" rating and issued a $63.00 price target on shares of Knight-Swift Transportation in a research report on Monday, April 14th. TD Cowen reduced their price target on Knight-Swift Transportation from $55.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on Knight-Swift Transportation from $45.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.88.

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.