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NYSE:KNX

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

$56.97
+0.53 (+0.94%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$56.25
$57.58
50-Day Range
$44.25
$56.44
52-Week Range
$42.50
$62.29
Volume
1.81 million shs
Average Volume
1.86 million shs
Market Capitalization
$9.15 billion
P/E Ratio
10.65
Dividend Yield
0.85%
Price Target
$60.94

Knight-Swift Transportation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
7.0% Upside
$60.94 Price Target
Short Interest
Bearish
6.12% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.10mentions of Knight-Swift Transportation in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$132,432 Sold Last Quarter
Proj. Earnings Growth
-11.69%
From $5.39 to $4.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Transportation Sector

56th out of 127 stocks

Trucking, Except Local Industry

5th out of 16 stocks

KNX stock logo

About Knight-Swift Transportation (NYSE:KNX) Stock

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.

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KNX Stock News Headlines

Knight-Swift Transporation Shifts Gear To Rally Mode
After several quarters of uncertainty, Knight-Swift Transportation (NYSE: KNX) delivered what the market was looking for. The company reported top and bottom outperformance and raised the guidance due to strong demand and margin improvements.
Knight-Swift Transportation (NYSE:KNX) PT Raised to $65.00
See More Headlines
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KNX Company Calendar

Ex-Dividend for 6/27 Dividend
6/09/2022
Dividend Payable
6/27/2022
Last Earnings
7/20/2022
Today
8/16/2022
Ex-Dividend for 9/26 Dividend
9/01/2022
Dividend Payable
9/26/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
Trucking
CUSIP
49906410
Employees
27,900
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$60.94
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+7.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$743.39 million
Pretax Margin
16.06%

Debt

Sales & Book Value

Annual Sales
$6.00 billion
Cash Flow
$8.32 per share
Book Value
$39.42 per share

Miscellaneous

Free Float
155,684,000
Market Cap
$9.15 billion
Optionable
Optionable
Beta
1.24














KNX Stock - Frequently Asked Questions

Should I buy or sell Knight-Swift Transportation stock right now?

18 Wall Street 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 analysts is that investors should "buy" KNX shares.
View KNX analyst ratings
or view top-rated stocks.

What is Knight-Swift Transportation's stock price forecast for 2022?

18 analysts have issued 1-year price objectives for Knight-Swift Transportation's stock. Their KNX share price forecasts range from $35.00 to $85.00. On average, they expect the company's stock price to reach $60.94 in the next year. This suggests a possible upside of 7.0% from the stock's current price.
View analysts price targets for KNX
or view top-rated stocks among Wall Street analysts.

How have KNX shares performed in 2022?

Knight-Swift Transportation's stock was trading at $60.94 at the start of the year. Since then, KNX stock has decreased by 6.5% and is now trading at $56.97.
View the best growth stocks for 2022 here
.

When is Knight-Swift Transportation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our KNX earnings forecast
.

How were Knight-Swift Transportation's earnings last quarter?

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) issued its quarterly earnings results on Wednesday, July, 20th. The transportation company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.06. The transportation company had revenue of $1.96 billion for 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 firm's revenue for the quarter was up 49.1% on a year-over-year basis. During the same period last year, the company posted $0.98 earnings per share.

How often does Knight-Swift Transportation pay dividends? What is the dividend yield for Knight-Swift Transportation?

Knight-Swift Transportation declared a quarterly dividend on Friday, July 29th. Stockholders of record on Monday, September 5th will be given a dividend of $0.12 per share on Monday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 1st.
Read our dividend analysis for KNX
.

Is Knight-Swift Transportation a good dividend stock?

Knight-Swift Transportation (NYSE:KNX) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.85%. 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 10.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KNX.

What guidance has Knight-Swift Transportation issued on next quarter's earnings?

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

What is David A. Jackson's approval rating as Knight-Swift Transportation's CEO?

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.

What other stocks do shareholders of Knight-Swift Transportation own?

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).

What is Knight-Swift Transportation's stock symbol?

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

Who are Knight-Swift Transportation's major shareholders?

Knight-Swift Transportation's stock is owned by a variety of institutional and retail 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 DekaBank Deutsche Girozentrale (0.99%). 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.
View institutional ownership trends
.

How do I buy shares of Knight-Swift Transportation?

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.
Compare Top Brokerages Here.

What is Knight-Swift Transportation's stock price today?

One share of KNX stock can currently be purchased for approximately $56.97.

How much money does Knight-Swift Transportation make?

Knight-Swift Transportation (NYSE:KNX) has a market capitalization of $9.15 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.

How many employees does Knight-Swift Transportation have?

The company employs 27,900 workers across the globe.

When was Knight-Swift Transportation founded?

Knight-Swift Transportation was founded in 1989.

How can I contact Knight-Swift Transportation?

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.

This page (NYSE:KNX) was last updated on 8/16/2022 by MarketBeat.com Staff

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