Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Declares Quarterly Dividend of $0.16

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Investors of record on Friday, December 6th will be paid a dividend of 0.16 per share by the transportation company on Monday, December 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.11%.

Knight-Swift Transportation has raised its dividend payment by an average of 20.5% per year over the last three years. Knight-Swift Transportation has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Knight-Swift Transportation to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 29.2%.

Knight-Swift Transportation Price Performance

NYSE:KNX traded down $1.13 during trading hours on Tuesday, reaching $57.75. 110,982 shares of the company were exchanged, compared to its average volume of 2,063,265. The company has a market capitalization of $9.35 billion, a P/E ratio of 256.00, a P/E/G ratio of 2.17 and a beta of 0.93. Knight-Swift Transportation has a 1-year low of $45.55 and a 1-year high of $60.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day moving average of $52.70 and a 200 day moving average of $50.79.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. Knight-Swift Transportation’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. Research analysts forecast that Knight-Swift Transportation will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KNX shares. 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. JPMorgan Chase & Co. boosted their price objective on Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. The Goldman Sachs Group reduced their price objective on Knight-Swift Transportation from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Susquehanna upped their price target on Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.00.

Insider Activity

In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the transaction, the director now directly owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently 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.