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

Knight-Swift Transportation (NYSE:KNX - Get Free Report) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.26-0.30 for the period, compared to the consensus EPS estimate of $0.48. Knight-Swift Transportation also updated its Q1 guidance to $0.11-0.12 EPS.

Knight-Swift Transportation Price Performance

KNX stock traded down $2.20 during mid-day trading on Wednesday, hitting $48.58. 11,672,394 shares of the stock were exchanged, compared to its average volume of 2,075,070. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $55.07 and a 200 day moving average price of $54.23. Knight-Swift Transportation has a 12 month low of $45.73 and a 12 month high of $60.99. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 1.44 and a beta of 0.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.38). The company had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.92 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 2.35 EPS for the current year.

Knight-Swift Transportation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were issued a $0.16 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.32%. This is an increase from Knight-Swift Transportation's previous quarterly dividend of $0.14. Knight-Swift Transportation's payout ratio is currently 48.12%.

Wall Street Analysts Forecast Growth

KNX has been the topic of several analyst reports. Stifel Nicolaus lifted their price objective on Knight-Swift Transportation from $54.00 to $64.00 and gave the stock a buy rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. decreased their price objective on Knight-Swift Transportation from $62.00 to $60.00 and set a neutral rating on the stock in a report on Tuesday, April 9th. Susquehanna reduced their price target on Knight-Swift Transportation from $62.00 to $59.00 and set a neutral rating on the stock in a report on Monday, March 25th. Finally, Barclays reduced their price target on Knight-Swift Transportation from $65.00 to $62.00 and set an overweight rating on the stock in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation currently has an average rating of Moderate Buy and an average target price of $62.75.

Insiders Place Their Bets

In other Knight-Swift Transportation news, CAO Cary M. Flanagan sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $56.24, for a total transaction of $112,480.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

Institutional Trading of Knight-Swift Transportation

Hedge funds have recently made changes to their positions in the stock. Ontario Teachers Pension Plan Board bought a new stake in shares of Knight-Swift Transportation in the 1st quarter worth approximately $220,000. Captrust Financial Advisors boosted its position in shares of Knight-Swift Transportation by 55.8% in the 2nd quarter. Captrust Financial Advisors now owns 4,607 shares of the transportation company's stock worth $213,000 after purchasing an additional 1,650 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Knight-Swift Transportation in the 4th quarter worth approximately $210,000. Systematic Financial Management LP bought a new position in Knight-Swift Transportation in the 1st quarter valued at approximately $154,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Knight-Swift Transportation by 8.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the transportation company's stock valued at $131,000 after acquiring an additional 190 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

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.