Knight-Swift Transportation (NYSE:KNX) Updates Q4 2024 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.320-0.360 for the period. The company issued revenue guidance of -. Knight-Swift Transportation also updated its Q3 guidance to $0.32-0.36 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KNX shares. StockNews.com raised shares of Knight-Swift Transportation to a sell rating in a research report on Thursday. UBS Group reduced their target price on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a buy rating for the company in a report on Tuesday, July 9th. Loop Capital cut shares of Knight-Swift Transportation from a buy rating to a hold rating and lowered their price target for the company from $63.00 to $53.00 in a report on Thursday, April 18th. Bank of America boosted their price objective on Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a buy rating in a report on Monday. Finally, Evercore ISI lowered their target price on Knight-Swift Transportation from $55.00 to $53.00 and set an in-line rating on the stock in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation has an average rating of Moderate Buy and a consensus target price of $56.79.

Knight-Swift Transportation Price Performance

Shares of KNX traded down $0.32 during trading hours on Friday, hitting $51.73. 1,783,132 shares of the company were exchanged, compared to its average volume of 2,123,130. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 77.94, a P/E/G ratio of 1.31 and a beta of 0.94. The firm’s fifty day moving average is $48.70 and its 200 day moving average is $52.16.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities analysts anticipate that Knight-Swift Transportation will post 1.21 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio is presently 95.52%.

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.