Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Declares Quarterly Dividend of $0.16

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Monday, June 10th will be paid a dividend of 0.16 per share by the transportation company on Monday, June 24th. This represents a $0.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Monday, June 10th.

Knight-Swift Transportation has increased its dividend by an average of 20.5% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Knight-Swift Transportation has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Knight-Swift Transportation to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 22.1%.

Knight-Swift Transportation Stock Up 0.3 %

Shares of NYSE:KNX traded up $0.15 during trading on Thursday, reaching $47.05. 1,748,788 shares of the stock traded hands, compared to its average volume of 2,189,241. The stock has a 50-day moving average of $52.67 and a two-hundred day moving average of $54.10. Knight-Swift Transportation has a 52-week low of $45.55 and a 52-week high of $60.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.93. The stock has a market cap of $7.60 billion, a P/E ratio of 70.22, a price-to-earnings-growth ratio of 2.40 and a beta of 1.03.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.07). Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. The firm had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the previous year, the company earned $0.73 EPS. The company's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts expect that Knight-Swift Transportation will post 1.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Cary M. Flanagan sold 2,000 shares of the company's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the sale, the chief accounting officer now directly owns 5,118 shares of the company's stock, valued at approximately $287,836.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on KNX shares. Loop Capital downgraded shares of Knight-Swift Transportation from a "buy" rating to a "hold" rating and decreased their price objective for the company from $63.00 to $53.00 in a research report on Thursday, April 18th. TD Cowen dropped their price objective on shares of Knight-Swift Transportation from $58.00 to $52.00 and set a "buy" rating for the company in a research note on Thursday, April 18th. Bank of America lowered their target price 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. JPMorgan Chase & Co. decreased their price objective 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. Finally, Robert W. Baird decreased 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, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of "Hold" and an average price target 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.