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Knight-Swift Transportation (KNX) Stock Price, News & Analysis

$46.93
-0.18 (-0.38%)
(As of 05/23/2024 ET)
Today's Range
$46.52
$47.48
50-Day Range
$46.21
$55.02
52-Week Range
$45.55
$60.99
Volume
1.71 million shs
Average Volume
2.36 million shs
Market Capitalization
$7.58 billion
P/E Ratio
70.05
Dividend Yield
1.36%
Price Target
$57.38

Knight-Swift Transportation MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
22.3% Upside
$57.38 Price Target
Short Interest
Healthy
3.49% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.28mentions of Knight-Swift Transportation in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$112,480 Sold Last Quarter
Proj. Earnings Growth
127.78%
From $1.26 to $2.87 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.13 out of 5 stars

Transportation Sector

32nd out of 108 stocks

Trucking, Except Local Industry

8th out of 13 stocks

KNX stock logo

About Knight-Swift Transportation Stock (NYSE:KNX)

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. This segment operated an average of 20,948 tractors, which comprised 18,821 company tractors and 2,127 independent contractor tractors, as well as 87,865 trailers. The LTL segment provides regional LTL transportation services through a network of approximately 120 service centers; and offers national coverage through partner carrier outside the network. This segment operated an average of 3,201 tractors and 8,482 trailers. The Logistic segment offers brokerage and other freight management services through third-party transportation providers and equipment. The Intermodal segment offers transportation services, including freight through third-party intermodal rail services on trailing equipment, such as containers and trailers on flat cars; and drayage services. This segment operated an average of 639 tractors and 12,730 intermodal containers. The company also provides repair and maintenance shop, equipment leasing, warranty, and insurance services; and warehousing and driving academy services, as well as manufactures trailer parts. It serves retail, food and beverage, consumer and paper products, transportation and logistics, housing, and building, automotive, and manufacturing industries. Knight-Swift Transportation Holdings Inc. was incorporated in 1989 and is headquartered in Phoenix, Arizona.

KNX Stock Price History

KNX Stock News Headlines

Knight-Swift: Q1 Earnings Snapshot
What Forced Knight-Swift To Cut Q1, Q2 Earnings Outlook Below View?
See More Headlines
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Company Calendar

Ex-Dividend for 3/25 Dividend
3/07/2024
Dividend Payable
3/25/2024
Last Earnings
4/24/2024
Today
5/24/2024
Ex-Dividend for 6/24 Dividend
6/10/2024
Dividend Payable
6/24/2024
Next Earnings (Estimated)
7/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
Trucking
CUSIP
49906410
Employees
34,800
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$57.38
High Stock Price Target
$75.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+22.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
13 Analysts

Profitability

Net Income
$217.15 million
Pretax Margin
1.74%

Debt

Sales & Book Value

Annual Sales
$7.14 billion
Cash Flow
$6.34 per share
Book Value
$43.76 per share

Miscellaneous

Free Float
156,763,000
Market Cap
$7.58 billion
Optionable
Optionable
Beta
1.03
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KNX Stock Analysis - Frequently Asked Questions

Should I buy or sell Knight-Swift Transportation stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Knight-Swift Transportation in the last twelve months. There are currently 5 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KNX shares.
View KNX analyst ratings
or view top-rated stocks.

What is Knight-Swift Transportation's stock price target for 2024?

13 analysts have issued 1-year price objectives for Knight-Swift Transportation's shares. Their KNX share price targets range from $47.00 to $75.00. On average, they predict the company's share price to reach $57.38 in the next year. This suggests a possible upside of 22.3% from the stock's current price.
View analysts price targets for KNX
or view top-rated stocks among Wall Street analysts.

How have KNX shares performed in 2024?

Knight-Swift Transportation's stock was trading at $57.65 at the beginning of 2024. Since then, KNX shares have decreased by 18.6% and is now trading at $46.93.
View the best growth stocks for 2024 here
.

Are investors shorting Knight-Swift Transportation?

Knight-Swift Transportation saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 5,450,000 shares, an increase of 64.2% from the April 15th total of 3,320,000 shares. Based on an average daily volume of 2,200,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.5% of the shares of the company are sold short.
View Knight-Swift Transportation's Short Interest
.

When is Knight-Swift Transportation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 18th 2024.
View our KNX earnings forecast
.

How were Knight-Swift Transportation's earnings last quarter?

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) posted its quarterly earnings data on Wednesday, April, 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.07. The transportation company earned $1.80 billion during the quarter, compared to analyst estimates of $1.82 billion. Knight-Swift Transportation had a trailing twelve-month return on equity of 2.54% and a net margin of 1.50%. The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share.

How often does Knight-Swift Transportation pay dividends? What is the dividend yield for Knight-Swift Transportation?

Knight-Swift Transportation declared a quarterly dividend on Wednesday, May 1st. Investors of record on Monday, June 10th will be paid a dividend of $0.16 per share on Monday, June 24th. This represents a $0.64 annualized dividend and a yield of 1.36%. The ex-dividend date is Monday, June 10th.
Read our dividend analysis for KNX
.

Is Knight-Swift Transportation a good dividend stock?

Knight-Swift Transportation (NYSE:KNX) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.38%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 95.52%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KNX will have a dividend payout ratio of 22.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KNX.

What guidance has Knight-Swift Transportation issued on next quarter's earnings?

Knight-Swift Transportation updated its third quarter 2024 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of 0.310-0.350 for the period. The company issued revenue guidance of -.

What is David A. Jackson's approval rating as Knight-Swift Transportation's CEO?

138 employees have rated Knight-Swift Transportation Chief Executive Officer David A. Jackson on Glassdoor.com. David A. Jackson has an approval rating of 71% among the company's employees.

What other stocks do shareholders of Knight-Swift Transportation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Knight-Swift Transportation investors own include NVIDIA (NVDA), CVS Health (CVS), Advanced Micro Devices (AMD), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), AT&T (T), Visa (V), Bank of America (BAC) and Home Depot (HD).

Who are Knight-Swift Transportation's major shareholders?

Knight-Swift Transportation's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.30%), Allspring Global Investments Holdings LLC (2.09%), Triton Wealth Management PLLC (0.43%), Principal Financial Group Inc. (0.38%), Swiss National Bank (0.30%) and Retirement Systems of Alabama (0.24%). Insiders that own company stock include Cary M Flanagan, Dustin Ohlman, Gary J Knight, James E Jr Updike, James L Fitzsimmons, Kevin P Knight, Kevin P Knight, Michael Garnreiter, Michael K Liu, Michael K Liu and Timothy Sean Harrington.
View institutional ownership trends
.

How do I buy shares of Knight-Swift Transportation?

Shares of KNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KNX) was last updated on 5/24/2024 by MarketBeat.com Staff

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