Equities research analysts expect Knight-Swift Transportation Holdings Inc (NYSE:KNX) to post $1.33 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Knight-Swift Transportation’s earnings, with the highest sales estimate coming in at $1.36 billion and the lowest estimate coming in at $1.31 billion. Knight-Swift Transportation reported sales of $963.83 million during the same quarter last year, which indicates a positive year over year growth rate of 38%. The company is scheduled to report its next earnings results on Monday, April 23rd.
On average, analysts expect that Knight-Swift Transportation will report full-year sales of $1.33 billion for the current year, with estimates ranging from $5.49 billion to $5.86 billion. For the next financial year, analysts forecast that the business will report sales of $6.01 billion per share, with estimates ranging from $5.78 billion to $6.34 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.13. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. Knight-Swift Transportation had a return on equity of 5.92% and a net margin of 12.58%. The business’s quarterly revenue was up 370.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share.
Knight-Swift Transportation (KNX) opened at $47.65 on Tuesday. The stock has a market capitalization of $8,409.11, a PE ratio of 16.58 and a beta of 1.71. Knight-Swift Transportation has a twelve month low of $26.68 and a twelve month high of $51.94. The company has a current ratio of 1.51, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Thursday, March 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Wednesday, February 28th. Knight-Swift Transportation’s dividend payout ratio is currently 2.09%.
In related news, General Counsel Todd F. Carlson sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $39.24, for a total value of $353,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Garnreiter sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $43.00, for a total transaction of $43,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,500 shares of company stock worth $492,410. Corporate insiders own 44.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Liberty Mutual Group Asset Management Inc. acquired a new stake in Knight-Swift Transportation in the fourth quarter valued at about $1,417,000. Standard Life Aberdeen plc acquired a new stake in Knight-Swift Transportation in the fourth quarter valued at about $225,393,000. OppenheimerFunds Inc. lifted its position in Knight-Swift Transportation by 3,076.1% in the fourth quarter. OppenheimerFunds Inc. now owns 326,183 shares of the transportation company’s stock valued at $14,260,000 after purchasing an additional 315,913 shares during the period. Brown Advisory Inc. lifted its position in Knight-Swift Transportation by 1.7% in the fourth quarter. Brown Advisory Inc. now owns 1,224,003 shares of the transportation company’s stock valued at $53,513,000 after purchasing an additional 20,470 shares during the period. Finally, State of Tennessee Treasury Department acquired a new stake in Knight-Swift Transportation in the fourth quarter valued at about $4,809,000. Hedge funds and other institutional investors own 78.21% of the company’s stock.
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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