Knight-Swift Transportation (NYSE:KNX) Releases Earnings Results, Misses Expectations By $0.03 EPS

Knight-Swift Transportation (NYSE:KNX) 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

A number of analysts recently issued reports on KNX shares. Susquehanna cut their price objective on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Bank of America raised their price objective on Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $53.00 to $47.00 in a research report on Friday, April 26th. Loop Capital downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating and cut their price objective for the stock from $63.00 to $53.00 in a research report on Thursday, April 18th. Finally, Raymond James cut their price objective on Knight-Swift Transportation from $58.00 to $57.00 and set a “strong-buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.79.

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.