Brokerages forecast that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will post $1.30 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Knight-Swift Transportation’s earnings, with estimates ranging from $1.26 billion to $1.38 billion. Knight-Swift Transportation posted sales of $1.33 billion during the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The company is expected to report its next earnings report before the market opens on Wednesday, July 24th.
On average, analysts expect that Knight-Swift Transportation will report full-year sales of $5.24 billion for the current financial year, with estimates ranging from $5.09 billion to $5.53 billion. For the next fiscal year, analysts expect that the firm will report sales of $5.39 billion, with estimates ranging from $5.06 billion to $5.71 billion. Zacks’ sales 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 data on Wednesday, April 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. Knight-Swift Transportation had a return on equity of 8.69% and a net margin of 8.28%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year.
KNX has been the topic of several research reports. ValuEngine raised Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Sunday, June 30th. Citigroup cut their price target on Cimarex Energy from $98.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday. Stephens set a $112.00 price target on Genesee & Wyoming and gave the company a “hold” rating in a research note on Monday, July 1st. Finally, Morgan Stanley set a $36.00 price target on ArcBest and gave the company a “hold” rating in a research note on Monday, July 8th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.64.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. increased its position in shares of Knight-Swift Transportation by 2.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,558 shares of the transportation company’s stock valued at $511,000 after buying an additional 345 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Knight-Swift Transportation by 0.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,600 shares of the transportation company’s stock valued at $1,793,000 after buying an additional 400 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Knight-Swift Transportation by 0.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 95,743 shares of the transportation company’s stock valued at $3,129,000 after buying an additional 408 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of Knight-Swift Transportation by 0.6% in the 1st quarter. Mason Street Advisors LLC now owns 66,241 shares of the transportation company’s stock valued at $2,165,000 after buying an additional 415 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. increased its position in shares of Knight-Swift Transportation by 2.4% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 19,167 shares of the transportation company’s stock valued at $626,000 after buying an additional 457 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.
NYSE:KNX traded up $1.17 during trading hours on Monday, hitting $36.98. 3,164,223 shares of the stock were exchanged, compared to its average volume of 2,089,108. The company’s 50 day moving average is $31.96. Knight-Swift Transportation has a twelve month low of $23.27 and a twelve month high of $39.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $6.40 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.96 and a beta of 1.99.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Monday, June 3rd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Friday, May 31st. Knight-Swift Transportation’s dividend payout ratio is currently 9.38%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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