Knight-Swift Transportation (NYSE:KNX – Get Free Report) posted its quarterly earnings results on Wednesday. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03), Briefing.com reports. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share.
Knight-Swift Transportation Trading Up 6.2 %
NYSE KNX traded up $3.05 during mid-day trading on Thursday, reaching $52.03. 6,392,298 shares of the stock were exchanged, compared to its average volume of 2,125,525. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $60.99. The business’s fifty day simple moving average is $48.70 and its 200 day simple moving average is $52.16. The stock has a market capitalization of $8.41 billion, a PE ratio of 77.66, a PEG ratio of 1.32 and a beta of 0.94. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were given a dividend of $0.16 per share. The ex-dividend date was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.23%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 95.52%.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Knight-Swift Transportation
About Knight-Swift Transportation
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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