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

17 Wall Street research 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 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" KNX shares.
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17 equities research analysts have issued 12 month price targets for Knight-Swift Transportation's shares. Their KNX share price forecasts range from $50.00 to $80.00. On average, they anticipate the company's stock price to reach $65.35 in the next year. This suggests a possible upside of 15.3% 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 shares have increased by 8.1% and is now trading at $56.67.
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Knight-Swift Transportation saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 8,400,000 shares, an increase of 12.0% from the March 31st total of 7,500,000 shares. Based on an average daily trading volume, of 2,020,000 shares, the short-interest ratio is currently 4.2 days. Approximately 5.6% of the company's shares are sold short.
View Knight-Swift Transportation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our KNX earnings forecast.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) posted its quarterly earnings results on Thursday, April, 20th. The transportation company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.83 by $0.10. The transportation company earned $1.64 billion during the quarter, compared to analyst estimates of $1.61 billion. Knight-Swift Transportation had a net margin of 9.22% and a trailing twelve-month return on equity of 10.42%. Knight-Swift Transportation's revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.35 EPS.

Knight-Swift Transportation declared a quarterly dividend on Friday, April 28th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.14 per share on Tuesday, June 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, June 8th.
Read our dividend analysis for KNX.

ETFs with the largest weight of Knight-Swift Transportation (NYSE:KNX) stock in their portfolio include Inspire Faithward Mid Cap Momentum ETF (GLRY), iShares Focused Value Factor ETF (FOVL), ProShares Supply Chain Logistics ETF (SUPL), SPDR S&P Transportation ETF (XTN), First Trust Dorsey Wright Momentum & Value ETF (DVLU), First Trust Nasdaq Transportation ETF (FTXR), iShares U.S. Transportation ETF (IYT) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR).

Knight-Swift Transportation (NYSE:KNX) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.00%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KNX will have a dividend payout ratio of 12.84% 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 updated its FY 2023 earnings guidance on Thursday, April, 20th. The company provided earnings per share guidance of $3.35-$3.55 for the period, compared to the consensus estimate of $3.85. 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 BlackRock Inc. (10.65%), Wellington Management Group LLP (9.76%), FMR LLC (4.61%), State Street Corp (3.57%), Dimensional Fund Advisors LP (2.61%) and Ensign Peak Advisors Inc (1.86%). 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, 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 $56.67.

Knight-Swift Transportation (NYSE:KNX) has a market capitalization of $9.13 billion and generates $7.43 billion in revenue each year. The transportation company earns $771.33 million in net income (profit) each year or $4.12 on an earnings per share basis.

The company employs 28,500 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.