Knight-Swift Transportation Holdings Inc. Expected to Earn Q2 2024 Earnings of $0.28 Per Share (NYSE:KNX)

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) – Stock analysts at Zacks Research dropped their Q2 2024 EPS estimates for Knight-Swift Transportation in a note issued to investors on Tuesday, April 23rd. Zacks Research analyst S. Goswami now forecasts that the transportation company will earn $0.28 per share for the quarter, down from their prior estimate of $0.56. The consensus estimate for Knight-Swift Transportation’s current full-year earnings is $1.31 per share. Zacks Research also issued estimates for Knight-Swift Transportation’s Q3 2024 earnings at $0.55 EPS, Q4 2024 earnings at $0.59 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $0.89 EPS, FY2025 earnings at $3.09 EPS and Q1 2026 earnings at $0.97 EPS.

A number of other research analysts also recently weighed in on the stock. Susquehanna lowered their price objective on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Robert W. Baird lowered their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday. Loop Capital downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price objective for the company from $63.00 to $53.00 in a research report on Thursday, April 18th. Stifel Nicolaus downgraded shares of Knight-Swift Transportation from a “buy” rating to a “hold” rating and lowered their price objective for the company from $53.00 to $47.00 in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Knight-Swift Transportation from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $57.71.

Knight-Swift Transportation Trading Down 0.6 %

Shares of NYSE KNX opened at $46.88 on Thursday. The firm’s 50 day moving average price is $53.52 and its 200-day moving average price is $54.15. The company has a market cap of $7.57 billion, a PE ratio of 69.97, a P/E/G ratio of 2.48 and a beta of 0.99. Knight-Swift Transportation has a 52-week low of $45.73 and a 52-week high of $60.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Knight-Swift Transportation had a return on equity of 2.53% and a net margin of 1.50%. Knight-Swift Transportation’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS.

Knight-Swift Transportation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.37%. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.

Insider Activity at Knight-Swift Transportation

In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total transaction of $112,480.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,118 shares of the company’s stock, valued at $287,836.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Knight-Swift Transportation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Associates Ltd. bought a new stake in shares of Knight-Swift Transportation in the 1st quarter worth about $365,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Knight-Swift Transportation by 95.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,172 shares of the transportation company’s stock valued at $5,071,000 after buying an additional 44,987 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Knight-Swift Transportation during the 1st quarter valued at about $353,000. Louisiana State Employees Retirement System lifted its holdings in Knight-Swift Transportation by 2.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the transportation company’s stock valued at $2,553,000 after buying an additional 1,100 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Knight-Swift Transportation by 9.1% during the 1st quarter. Amalgamated Bank now owns 109,035 shares of the transportation company’s stock valued at $5,999,000 after buying an additional 9,079 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.