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

Knight-Swift Transportation (NYSE:KNX) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.320-0.360 for the period, compared to the consensus estimate of 0.340. The company issued revenue guidance of -. Knight-Swift Transportation also updated its Q1 guidance to $0.29-0.33 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday. Raymond James boosted their price objective on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Evercore ISI raised their target price on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday. Barclays lifted their target price on Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, UBS Group decreased their price target on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $55.88.

Knight-Swift Transportation Price Performance

Shares of NYSE KNX traded down $0.80 during midday trading on Thursday, reaching $51.94. The company’s stock had a trading volume of 3,793,221 shares, compared to its average volume of 2,070,448. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 126.69, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92. Knight-Swift Transportation has a one year low of $45.55 and a one year high of $60.99. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $52.27 and a 200 day moving average price of $50.37.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. Knight-Swift Transportation’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. On average, equities research analysts expect that Knight-Swift Transportation will post 1.06 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were given a $0.16 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.23%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 156.10%.

Insider Buying and Selling

In other Knight-Swift Transportation news, Chairman Kevin P. Knight sold 30,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $50.33, for a total transaction of $1,509,900.00. Following the completion of the sale, the chairman now directly owns 1,467,360 shares of the company’s stock, valued at approximately $73,852,228.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Michael K. Liu sold 5,696 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Kevin P. Knight sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $50.33, for a total value of $1,509,900.00. Following the sale, the chairman now owns 1,467,360 shares of the company’s stock, valued at $73,852,228.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,196 shares of company stock valued at $4,367,869. 3.00% of the stock is owned by corporate insiders.

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.