05 May Knight-Swift Transportation Holdings Inc (KNX) Expected to …
Brokerages forecast that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will post earnings per share of $0.62 for the current quarter, according to Zacks. Five analysts have issued estimates for Knight-Swift Transportation’s earnings, with estimates ranging from $0.55 to $0.65. Knight-Swift Transportation reported earnings per share of $0.56 during the same quarter last year, which suggests a positive year-over-year growth rate of 10.7%. The company is scheduled to issue its next earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that Knight-Swift Transportation will report full-year earnings of $2.69 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.86. For the next year, analysts expect that the business will report earnings of $2.90 per share, with EPS estimates ranging from $2.70 to $3.21. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.31 billion. Knight-Swift Transportation had a net margin of 8.28% and a return on equity of 8.69%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS.
KNX has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet upgraded shares of Knight-Swift Transportation from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. Zacks Investment Research downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Wolfe Research downgraded shares of Knight-Swift Transportation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.45.
In other news, EVP James E. Jr. Updike sold 8,750 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $33.43, for a total value of $292,512.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Shannon Breen sold 750 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $34.09, for a total transaction of $25,567.50. The disclosure for this sale can be found here. Insiders have sold a total of 336,828 shares of company stock worth $11,196,519 over the last quarter. 27.50% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Country Trust Bank lifted its position in shares of Knight-Swift Transportation by 22.1% in the 1st quarter. Country Trust Bank now owns 806,758 shares of the transportation company’s stock worth $26,365,000 after buying an additional 146,162 shares during the last quarter. Norges Bank bought a new position in shares of Knight-Swift Transportation in the 4th quarter worth about $18,781,000. JPMorgan Chase & Co. lifted its position in shares of Knight-Swift Transportation by 19.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,916,099 shares of the transportation company’s stock worth $100,547,000 after buying an additional 476,959 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Knight-Swift Transportation by 26.0% in the 4th quarter. Hsbc Holdings PLC now owns 58,613 shares of the transportation company’s stock worth $1,470,000 after buying an additional 12,111 shares during the last quarter. Finally, Wright Investors Service Inc. lifted its position in shares of Knight-Swift Transportation by 5.5% in the 4th quarter. Wright Investors Service Inc. now owns 10,448 shares of the transportation company’s stock worth $262,000 after buying an additional 548 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.
KNX traded up $1.04 during trading hours on Friday, reaching $33.30. 1,793,566 shares of the stock traded hands, compared to its average volume of 1,954,887. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.82 and a beta of 1.90. Knight-Swift Transportation has a fifty-two week low of $23.27 and a fifty-two week high of $43.35. The company has a current ratio of 1.07, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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