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

Knight-Swift Transportation (NYSE:KNX) announced its quarterly earnings results on Wednesday. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03), Briefing.com reports. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis.

Knight-Swift Transportation Stock Down 0.2 %

NYSE:KNX traded down $0.09 during mid-day trading on Friday, reaching $51.96. The company’s stock had a trading volume of 1,233,401 shares, compared to its average volume of 2,118,978. The firm has a market capitalization of $8.40 billion, a PE ratio of 77.94, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average of $48.70 and a 200-day moving average of $52.16. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99.

Knight-Swift Transportation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors 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 was Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Wall Street Analysts Forecast Growth

KNX has been the topic of several research reports. TD Cowen boosted their price target on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird dropped their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Evercore ISI dropped their price objective on shares of Knight-Swift Transportation from $55.00 to $53.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. Barclays dropped their price objective on shares of Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Finally, Wells Fargo & Company started coverage on shares of Knight-Swift Transportation in a research note on Friday, June 7th. They set an “overweight” rating and a $56.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.