Knight-Swift Transportation (NYSE:KNX - Get Free Report) announced its earnings results on Wednesday. The transportation company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01, Zacks reports. Knight-Swift Transportation had a net margin of 2.22% and a return on equity of 3.03%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.24 earnings per share. Knight-Swift Transportation's revenue for the quarter was up .8% on a year-over-year basis. Knight-Swift Transportation updated its Q3 2025 guidance to 0.360-0.420 EPS.
Knight-Swift Transportation Stock Down 1.6%
KNX stock traded down $0.73 on Friday, hitting $44.82. 3,685,707 shares of the company's stock were exchanged, compared to its average volume of 2,874,204. Knight-Swift Transportation has a 12-month low of $36.69 and a 12-month high of $61.51. The firm has a 50 day moving average price of $44.82 and a two-hundred day moving average price of $46.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $7.26 billion, a P/E ratio of 43.94, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.
Knight-Swift Transportation Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.61%. Knight-Swift Transportation's payout ratio is 76.60%.
Analyst Ratings Changes
KNX has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Knight-Swift Transportation from $53.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company lifted their target price on shares of Knight-Swift Transportation from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Robert W. Baird upped their price target on Knight-Swift Transportation from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Friday. Raymond James Financial raised their target price on shares of Knight-Swift Transportation from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 15th. Finally, Barclays lowered their price objective on Knight-Swift Transportation from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $53.88.
Check Out Our Latest Research Report on KNX
Institutional Investors Weigh In On Knight-Swift Transportation
A hedge fund recently raised its stake in Knight-Swift Transportation stock. Integrated Wealth Concepts LLC boosted its stake in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Free Report) by 23.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,948 shares of the transportation company's stock after purchasing an additional 1,124 shares during the period. Integrated Wealth Concepts LLC's holdings in Knight-Swift Transportation were worth $259,000 at the end of the most recent reporting period. 88.77% of the stock is currently owned by institutional investors.
About Knight-Swift Transportation
(
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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.
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