$0.41 EPS Expected for Knight-Swift Transportation Holdings Inc (KNX) This Quarter

Wall Street analysts expect Knight-Swift Transportation Holdings Inc (NYSE:KNX) to announce $0.41 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Knight-Swift Transportation’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.44. Knight-Swift Transportation reported earnings per share of $0.18 during the same quarter last year, which indicates a positive year-over-year growth rate of 127.8%. The company is scheduled to report its next earnings report on Monday, April 23rd.

According to Zacks, analysts expect that Knight-Swift Transportation will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.10 to $2.44. For the next financial year, analysts expect that the firm will report earnings of $2.72 per share, with EPS estimates ranging from $2.40 to $3.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Knight-Swift Transportation.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.13. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Knight-Swift Transportation had a net margin of 12.58% and a return on equity of 5.92%. The company’s quarterly revenue was up 370.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share.

KNX has been the subject of a number of research analyst reports. Knight Equity raised shares of Knight-Swift Transportation to a “buy” rating in a report on Sunday, November 26th. KeyCorp raised shares of Knight-Swift Transportation from a “sector weight” rating to an “overweight” rating in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of Knight-Swift Transportation from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Cowen upped their price target on shares of Knight-Swift Transportation from $38.00 to $46.00 and gave the company a “market perform” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley initiated coverage on shares of Knight-Swift Transportation in a report on Wednesday, December 13th. They issued an “overweight” rating and a $50.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $49.60.

Shares of Knight-Swift Transportation (NYSE:KNX) opened at $47.26 on Friday. Knight-Swift Transportation has a 1-year low of $26.68 and a 1-year high of $51.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.32. The firm has a market cap of $8,409.11, a PE ratio of 16.45 and a beta of 1.71.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.24 annualized dividend and a yield of 0.51%. Knight-Swift Transportation’s payout ratio is presently 2.09%.

In other Knight-Swift Transportation news, General Counsel Todd F. Carlson sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total transaction of $353,160.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Garnreiter sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $38.50, for a total value of $96,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,500 shares of company stock worth $492,410. Corporate insiders own 9.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors increased its holdings in shares of Knight-Swift Transportation by 3.0% in the 2nd quarter. Nationwide Fund Advisors now owns 68,268 shares of the transportation company’s stock valued at $2,529,000 after purchasing an additional 1,967 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Knight-Swift Transportation by 0.8% in the 2nd quarter. New York State Common Retirement Fund now owns 96,622 shares of the transportation company’s stock valued at $3,580,000 after purchasing an additional 721 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Knight-Swift Transportation by 12.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 38,149 shares of the transportation company’s stock valued at $1,413,000 after purchasing an additional 4,090 shares during the period. Vanguard Group Inc. increased its holdings in shares of Knight-Swift Transportation by 10.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,279,350 shares of the transportation company’s stock valued at $232,649,000 after purchasing an additional 590,259 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Knight-Swift Transportation in the 2nd quarter valued at about $249,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.

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Knight-Swift Transportation Company Profile

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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