Knight-Swift Transportation (NYSE:KNX - Get Free Report) announced its quarterly earnings results on Wednesday. The transportation company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.07), Briefing.com reports. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a net margin of 3.04% and a return on equity of 3.93%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share.
Knight-Swift Transportation Stock Performance
NYSE KNX traded down $1.37 on Thursday, hitting $47.14. The stock had a trading volume of 4,028,240 shares, compared to its average volume of 2,162,525. Knight-Swift Transportation has a one year low of $45.73 and a one year high of $60.99. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 35.60, a P/E/G ratio of 2.51 and a beta of 0.99. The company's 50-day moving average is $53.94 and its two-hundred day moving average is $54.22. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.
Knight-Swift Transportation Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a $0.16 dividend. This is a boost from Knight-Swift Transportation's previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a yield of 1.36%. Knight-Swift Transportation's dividend payout ratio is 48.12%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Susquehanna decreased their target price on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th. Stephens decreased their price target on Knight-Swift Transportation from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Thursday, April 18th. TD Cowen reduced their target price on Knight-Swift Transportation from $58.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, April 18th. Robert W. Baird lowered their price target on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Barclays reduced their price objective on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an "overweight" rating for the company in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.14.
Check Out Our Latest Stock Report on KNX
Insider Transactions at Knight-Swift Transportation
In related news, CAO Cary M. Flanagan sold 2,000 shares of the stock in a transaction on Thursday, February 29th. The stock was 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 approximately $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company's stock.
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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