Wall Street analysts forecast that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will announce $0.38 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Knight-Swift Transportation’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.40. Knight-Swift Transportation posted earnings per share of $0.56 during the same quarter last year, which would indicate a negative year-over-year growth rate of 32.1%. The company is expected to issue its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Knight-Swift Transportation will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.18. For the next fiscal year, analysts expect that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.60 to $1.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Knight-Swift Transportation.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). The business had revenue of $521.61 million during the quarter, compared to analysts’ expectations of $1.33 billion. Knight-Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. During the same period in the prior year, the business posted $0.34 earnings per share.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Knight Equity raised shares of Knight-Swift Transportation to a “buy” rating in a research note on Sunday, November 26th. Citigroup assumed coverage on shares of Knight-Swift Transportation in a research note on Tuesday, September 19th. They set a “buy” rating and a $48.00 target price on the stock. Barclays lifted their target price on shares of Knight-Swift Transportation from $33.00 to $37.00 and gave the stock an “underweight” rating in a research note on Monday, October 2nd. Finally, UBS lifted their target price on shares of Knight-Swift Transportation from $43.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, September 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. Knight-Swift Transportation currently has a consensus rating of “Buy” and an average target price of $41.13.

Knight-Swift Transportation (NYSE:KNX) opened at $42.87 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.32. Knight-Swift Transportation has a 52 week low of $26.68 and a 52 week high of $44.45. The company has a market cap of $7,624.43, a PE ratio of 32.14 and a beta of 2.03.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Friday, December 1st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, November 30th. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 6.66%.

In related news, Director Michael Garnreiter sold 2,500 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $38.50, for a total value of $96,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Todd F. Carlson sold 9,000 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $39.24, for a total transaction of $353,160.00. The disclosure for this sale can be found here. Insiders own 44.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its position in shares of Knight-Swift Transportation by 313.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 26,522 shares of the transportation company’s stock worth $1,035,000 after buying an additional 20,100 shares during the last quarter. Green Square Capital LLC purchased a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $592,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $5,877,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Knight-Swift Transportation during the 3rd quarter worth approximately $1,995,000. Finally, California State Teachers Retirement System lifted its position in shares of Knight-Swift Transportation by 124.2% during the 3rd quarter. California State Teachers Retirement System now owns 201,033 shares of the transportation company’s stock worth $8,353,000 after buying an additional 111,375 shares during the last quarter. Institutional investors own 78.44% of the company’s stock.

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About Knight-Swift Transportation

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

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Earnings History and Estimates for Knight-Swift Transportation (NYSE:KNX)

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