22 Mar AiroAV Says: Knight-Swift Transportation Holdings Inc (NYSE:KNX) Expecte
Wall Street brokerages expect that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will post earnings per share (EPS) of $0.37 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Knight-Swift Transportation’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.37. Knight-Swift Transportation reported earnings per share of $0.55 during the same quarter last year, which would suggest a negative year-over-year growth rate of 32.7%. The company is expected to report its next quarterly earnings report on Wednesday, April 22nd.
On average, analysts expect that Knight-Swift Transportation will report full-year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.15. For the next year, analysts expect that the firm will post earnings of $2.42 per share, with EPS estimates ranging from $2.22 to $2.67. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. Knight-Swift Transportation had a net margin of 6.38% and a return on equity of 6.68%. The company’s revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS.
Several research analysts have recently weighed in on the stock. Cowen increased their price objective on shares of Knight-Swift Transportation from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Wednesday, February 19th. ValuEngine upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Bank of America cut their price objective on shares of Knight-Swift Transportation from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, December 20th. TheStreet lowered shares of Knight-Swift Transportation from a “b” rating to a “c+” rating in a report on Thursday. Finally, Robert W. Baird restated a “buy” rating and issued a $40.00 price target on shares of Knight-Swift Transportation in a report on Friday, December 20th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Knight-Swift Transportation has an average rating of “Buy” and an average target price of $40.62.
In other Knight-Swift Transportation news, major shareholder Jerry Moyes sold 290,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $29.76, for a total value of $8,630,400.00. Following the completion of the sale, the insider now owns 22,654 shares of the company’s stock, valued at $674,183.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.50% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. grew its position in Knight-Swift Transportation by 24.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,335 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 261 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Knight-Swift Transportation by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 64,277 shares of the transportation company’s stock worth $2,304,000 after buying an additional 262 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Knight-Swift Transportation by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,341 shares of the transportation company’s stock worth $837,000 after buying an additional 346 shares in the last quarter. Retirement Systems of Alabama grew its position in shares of Knight-Swift Transportation by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 159,991 shares of the transportation company’s stock worth $5,734,000 after buying an additional 402 shares in the last quarter. Finally, Blair William & Co. IL grew its position in shares of Knight-Swift Transportation by 2.1% during the fourth quarter. Blair William & Co. IL now owns 20,875 shares of the transportation company’s stock worth $748,000 after buying an additional 420 shares in the last quarter. 89.42% of the stock is owned by institutional investors.
Shares of KNX stock opened at $30.36 on Thursday. The firm has a market cap of $5.26 billion, a P/E ratio of 16.87, a PEG ratio of 1.00 and a beta of 1.76. Knight-Swift Transportation has a 1-year low of $27.03 and a 1-year high of $40.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50-day simple moving average is $35.43 and its 200-day simple moving average is $36.27.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Tuesday, March 3rd will be given a $0.08 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, March 2nd. This represents a $0.32 annualized dividend and a yield of 1.05%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 14.75%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc,…