Knight-Swift Transportation (NYSE:KNX – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 20th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Knight-Swift Transportation has set its FY 2023 guidance at $4.05-$4.25 EPS and its FY23 guidance at $4.05-4.25 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last announced its earnings results on Thursday, January 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.13). Knight-Swift Transportation had a net margin of 10.38% and a return on equity of 12.17%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $1.61 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, analysts expect Knight-Swift Transportation to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Knight-Swift Transportation Stock Down 0.1 %
Shares of NYSE:KNX opened at $56.57 on Thursday. Knight-Swift Transportation has a 1 year low of $42.50 and a 1 year high of $64.35. The business has a 50 day simple moving average of $57.27 and a two-hundred day simple moving average of $54.32. The firm has a market capitalization of $9.10 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.67 and a quick ratio of 1.67.
Knight-Swift Transportation Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 27th. Shareholders of record on Friday, March 3rd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, March 2nd. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.12. Knight-Swift Transportation’s payout ratio is 11.84%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on KNX. Citigroup boosted their price target on Knight-Swift Transportation from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Wednesday, January 11th. Morgan Stanley boosted their price target on Knight-Swift Transportation from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. KeyCorp boosted their price target on Knight-Swift Transportation from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Wells Fargo & Company boosted their price target on Knight-Swift Transportation from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, January 27th. Finally, TD Cowen boosted their price target on Knight-Swift Transportation from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $64.56.
Hedge Funds Weigh In On Knight-Swift Transportation
A number of large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Knight-Swift Transportation by 8.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,494 shares of the transportation company’s stock worth $131,000 after purchasing an additional 190 shares in the last quarter. Pathstone Family Office LLC increased its position in shares of Knight-Swift Transportation by 4.8% during the fourth quarter. Pathstone Family Office LLC now owns 5,795 shares of the transportation company’s stock worth $298,000 after purchasing an additional 266 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of Knight-Swift Transportation by 3.1% during the third quarter. CENTRAL TRUST Co now owns 12,345 shares of the transportation company’s stock worth $604,000 after purchasing an additional 369 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Knight-Swift Transportation by 10.2% during the fourth quarter. Captrust Financial Advisors now owns 5,652 shares of the transportation company’s stock valued at $296,000 after buying an additional 522 shares during the last quarter. Finally, Advisor Partners II LLC grew its holdings in shares of Knight-Swift Transportation by 10.0% during the fourth quarter. Advisor Partners II LLC now owns 5,835 shares of the transportation company’s stock valued at $306,000 after buying an additional 532 shares during the last quarter. 89.95% of the stock is owned by institutional investors and hedge funds.
Knight-Swift Transportation Company Profile
Knight-Swift Transportation Holdings, Inc engages in the provision of multiple truckload transportation and logistics services. It operates through the following business segments: Trucking, Logistics, and Intermodal. The Trucking segment comprises irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.
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