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

18 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, 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" KNX shares.
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18 brokers have issued twelve-month target prices for Knight-Swift Transportation's stock. Their KNX share price forecasts range from $50.00 to $88.00. On average, they anticipate the company's stock price to reach $64.78 in the next year. This suggests a possible upside of 15.8% from the stock's current price.
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Knight-Swift Transportation's stock was trading at $52.41 on January 1st, 2023. Since then, KNX stock has increased by 6.8% and is now trading at $55.96.
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Knight-Swift Transportation saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 8,090,000 shares, a decline of 15.1% from the January 31st total of 9,530,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 5.4% of the shares of the company are short sold.
View Knight-Swift Transportation's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
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Knight-Swift Transportation Holdings Inc. (NYSE:KNX) issued its quarterly earnings results on Thursday, January, 26th. The transportation company reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.13 by $0.13. The transportation company earned $1.74 billion during the quarter, compared to analysts' expectations 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%. Knight-Swift Transportation's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS.

Knight-Swift Transportation declared a quarterly dividend on Friday, February 3rd. Investors 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 1.00%. The ex-dividend date 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.

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), iShares U.S. Transportation ETF (IYT), Invesco S&P MidCap Momentum ETF (XMMO) 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 1.05%. 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 11.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KNX will have a dividend payout ratio of 11.97% 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 earnings per share guidance of $4.05-4.25 for the period, compared to the consensus EPS 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 a variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (3.53%), Morgan Stanley (3.12%), Dimensional Fund Advisors LP (2.58%), Deer Park Road Corp (0.00%), Geode Capital Management LLC (1.39%) and Norges Bank (1.07%). Insiders that own company stock include Cary M Flanagan, Dustin Ohlman, Gary J Knight, James E Jr Updike, James L Fitzsimmons, 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 $55.96.

Knight-Swift Transportation (NYSE:KNX) has a market capitalization of $9.01 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 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.