Knight-Swift Transportation - KNX Stock Forecast, Price & News

Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials. The company also provides logistics and intermodal services, such as brokerage, intermodal, and certain logistics; freight management; and non-trucking services. In addition, it offers various support services, including repair and maintenance shop services, warranty, insurance, and equipment leasing; and trailer parts manufacturing and warehousing services, as well as engages in the driving academy activities. In addition, it offers regional direct services to customers national transportation needs by utilizing carriers for coverage areas outside networks. The company operates a total of 18,019 tractors, which comprises 16,166 company tractors and 1,853 independent contractor tractors, as well as 67,606 trailers; 2,735 tractors and 7,413 trailers; and 597 tractors and 10,847 intermodal containers. It serves retail, food and beverage, consumer products, 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.

Knight-Swift Transportation Stock Up 0.9 %

KNX Stock traded up $0.53 during midday trading on Tuesday, hitting $56.97. The company's stock had a trading volume of 1,807,000 shares, compared to its average volume of 1,857,800. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. Knight-Swift Transportation has a twelve month low of $42.50 and a twelve month high of $62.29. The company's fifty day moving average price is $49.38 and its 200 day moving average price is $50.35. The stock has a market capitalization of $9.15 billion, a P/E ratio of 10.55, a PEG ratio of 0.70 and a beta of 1.24.

Knight-Swift Transportation (NYSE:KNX - Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.06. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.85 billion. Knight-Swift Transportation had a net margin of 12.26% and a return on equity of 14.44%. Knight-Swift Transportation's revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. As a group, equities research analysts predict that Knight-Swift Transportation will post 5.39 EPS for the current year.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Monday, September 5th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, September 1st. Knight-Swift Transportation's payout ratio is 8.97%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an "overweight" rating for the company in a research report on Friday, July 15th. Susquehanna Bancshares increased their price target on shares of Knight-Swift Transportation from $64.00 to $65.00 and gave the stock a "positive" rating in a research report on Thursday, July 21st. Wolfe Research raised shares of Knight-Swift Transportation from an "underperform" rating to a "peer perform" rating in a research report on Tuesday, July 12th. Evercore ISI raised shares of Knight-Swift Transportation from an "in-line" rating to an "outperform" rating and set a $35.00 price objective for the company in a report on Tuesday, July 12th. Finally, Cowen raised their price objective on shares of Knight-Swift Transportation from $54.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of "Moderate Buy" and an average target price of $60.94.

Insider Buying and Selling

In related news, EVP James E. Jr. Updike sold 2,400 shares of Knight-Swift Transportation stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $55.18, for a total transaction of $132,432.00. Following the completion of the sale, the executive vice president now owns 19,944 shares of the company's stock, valued at approximately $1,100,509.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is currently owned by insiders.