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

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Knight-Swift Transportation in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KNX shares.
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18 equities research analysts have issued twelve-month target prices for Knight-Swift Transportation's shares. Their KNX share price forecasts range from $35.00 to $85.00. On average, they predict the company's share price to reach $60.94 in the next year. This suggests a possible upside of 27.2% from the stock's current price.
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Knight-Swift Transportation's stock was trading at $60.94 at the beginning of the year. Since then, KNX shares have decreased by 21.4% and is now trading at $47.91.
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Knight-Swift Transportation saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,340,000 shares, a drop of 8.6% from the August 15th total of 10,220,000 shares. Based on an average daily volume of 1,640,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 6.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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Knight-Swift Transportation Holdings Inc. (NYSE:KNX) released its quarterly earnings results on Wednesday, July, 20th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.06. The transportation company earned $1.96 billion during the quarter, compared to analysts' expectations of $1.85 billion. Knight-Swift Transportation had a net margin of 12.26% and a trailing twelve-month return on equity of 14.44%. The business's revenue was up 49.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS.

Knight-Swift Transportation declared a quarterly dividend on Friday, July 29th. Stockholders of record on Monday, September 5th will be paid a dividend of $0.12 per share on Monday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, September 1st.
Read our dividend analysis for KNX.

Knight-Swift Transportation (NYSE:KNX) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.01%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KNX will have a dividend payout ratio of 10.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KNX.

Knight-Swift Transportation issued an update on its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of $5.30-$5.45 for the period, compared to the consensus EPS estimate of $5.32. The company issued revenue guidance of -.

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.

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).

Knight-Swift Transportation trades on the New York Stock Exchange (NYSE) under the ticker symbol "KNX."

Knight-Swift Transportation's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (5.42%), State Street Corp (3.68%), Ensign Peak Advisors Inc (1.86%), Massachusetts Financial Services Co. MA (1.86%), JPMorgan Chase & Co. (1.80%) and Goldman Sachs Group Inc. (1.15%). Insiders that own company stock include Cary M Flanagan, Dustin Ohlman, Gary J Knight, James E Jr Updike, James L Fitzsimmons, Jerry Moyes, Kevin P Knight, Lyndee Moyes Nester, Michael Garnreiter, Michael K Liu, Michael K Liu, Ploeg David Vander, Shannon Breen, Timothy Sean Harrington and Wayne Yu.
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Shares of KNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KNX stock can currently be purchased for approximately $47.91.

Knight-Swift Transportation (NYSE:KNX) has a market capitalization of $7.70 billion and generates $6.00 billion in revenue each year. The transportation company earns $743.39 million in net income (profit) each year or $5.35 on an earnings per share basis.

The company employs 27,900 workers across the globe.

Knight-Swift Transportation's mailing address is 20002 NORTH 19TH AVENUE, PHOENIX AZ, 85027. The official website for the company is www.knighttrans.com. The transportation company can be reached via phone at (602) 269-2000, via email at investor_relations@swifttrans.com, or via fax at 602-269-8542.