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

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Knight-Swift Transportation in the last year. There are currently 1 sell rating, 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KNX shares.
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17 equities research analysts have issued twelve-month price objectives for Knight-Swift Transportation's shares. Their KNX share price forecasts range from $48.00 to $88.00. On average, they anticipate the company's stock price to reach $63.65 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
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Knight-Swift Transportation's stock was trading at $52.41 at the beginning of the year. Since then, KNX stock has increased by 16.3% and is now trading at $60.95.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our KNX earnings forecast.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) issued its quarterly earnings data on Thursday, January, 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by $0.13. The transportation company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.80 billion. Knight-Swift Transportation had a net margin of 10.38% and a trailing twelve-month return on equity of 12.17%. The company's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.61 EPS.

Knight-Swift Transportation announced a quarterly dividend on Friday, February 3rd. Shareholders of record on Friday, March 3rd will be given a dividend of $0.14 per share on Monday, March 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, March 2nd. This is a positive change from the stock's previous quarterly dividend of $0.12.
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 0.77%. 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 10.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KNX will have a dividend payout ratio of 10.15% 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 FY23 earnings guidance on Thursday, January, 26th. The company provided EPS guidance of $4.05-4.25 for the period, compared to the consensus estimate of $4.14.

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 many different retail and institutional investors. Top institutional investors include Ceredex Value Advisors LLC (0.74%), DekaBank Deutsche Girozentrale (0.72%), Pacer Advisors Inc. (0.47%), Country Trust Bank (0.37%), Strs Ohio (0.36%) and Sumitomo Mitsui Trust Holdings Inc. (0.26%). 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, 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 $60.95.

Knight-Swift Transportation (NYSE:KNX) has a market capitalization of $9.79 billion and generates $7.43 billion in revenue each year. The transportation company earns $771.33 million in net income (profit) each year or $4.73 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.