Knight-Swift Transportation (NYSE:KNX) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Knight-Swift Transportation (NYSE:KNX) 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

Several research analysts recently issued reports on KNX shares. StockNews.com raised shares of Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 11th. Barclays dropped their target price on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. increased their target price on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday. Loop Capital cut shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and dropped their target price for the company from $63.00 to $53.00 in a report on Thursday, April 18th. Finally, Robert W. Baird dropped their target price on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and an average price target of $56.79.

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.