Knight-Swift Transportation (NYSE:KNX) Posts Earnings Results, Misses Estimates By $0.07 EPS

Knight-Swift Transportation (NYSE:KNX) posted its quarterly earnings results on Wednesday. The transportation company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07), Briefing.com reports. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.82 billion. Knight-Swift Transportation had a return on equity of 3.93% and a net margin of 3.04%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Knight-Swift Transportation Stock Performance

Knight-Swift Transportation stock traded down $1.16 during mid-day trading on Thursday, reaching $47.35. 1,485,777 shares of the stock traded hands, compared to its average volume of 2,129,801. The stock has a market capitalization of $7.65 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.51 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day moving average is $53.94 and its 200-day moving average is $54.22. Knight-Swift Transportation has a 12-month low of $45.73 and a 12-month high of $60.99.

Knight-Swift Transportation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were paid a $0.16 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Thursday, March 7th. Knight-Swift Transportation’s dividend payout ratio (DPR) is 48.12%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KNX. Stifel Nicolaus reduced their price objective on shares of Knight-Swift Transportation from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Susquehanna cut their price target on shares of Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Bank of America dropped their target price on shares of Knight-Swift Transportation from $58.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Stephens decreased their target price on Knight-Swift Transportation from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Evercore ISI reduced their price objective on shares of Knight-Swift Transportation from $60.00 to $55.00 and set an “in-line” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.14.

Insider Activity

In related news, CAO Cary M. Flanagan sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $56.24, for a total value of $112,480.00. Following the transaction, the chief accounting officer now owns 5,118 shares of the company’s stock, valued at $287,836.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Company Profile

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.