Knight-Swift Transportation (NYSE:KNX – Get Free Report) issued its quarterly earnings data on Wednesday. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03), Briefing.com reports. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share.
Knight-Swift Transportation Stock Performance
NYSE KNX traded up $3.05 on Thursday, reaching $52.03. The stock had a trading volume of 6,392,298 shares, compared to its average volume of 2,125,525. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 0.93. Knight-Swift Transportation has a 12-month low of $45.55 and a 12-month high of $60.99. The business’s 50-day moving average price is $48.67 and its 200 day moving average price is $52.16. The stock has a market cap of $8.41 billion, a P/E ratio of 79.91, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.
Knight-Swift Transportation Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.
Wall Street Analyst Weigh In
View Our Latest Report on Knight-Swift Transportation
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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