Knight-Swift Transportation Holdings Inc (NYSE:KNX) Forecasted to Earn Q2 2019 Earnings of $0.63 Per Share

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Knight-Swift Transportation Holdings Inc (NYSE:KNX) – Analysts at KeyCorp dropped their Q2 2019 EPS estimates for Knight-Swift Transportation in a report launched on Wednesday, April 24th, Zacks Funding Analysis stories. KeyCorp analyst T. Fowler now forecasts that the transportation firm will publish earnings of $0.63 per share for the quarter, down from their earlier estimate of $0.65. KeyCorp additionally issued estimates for Knight-Swift Transportation’s Q3 2019 earnings at $0.64 EPS, FY2019 earnings at $2.65 EPS and FY2020 earnings at $2.85 EPS.

Knight-Swift Transportation (NYSE:KNX) final issued its earnings outcomes on Wednesday, April 24th. The transportation firm reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The agency had income of $1.20 billion through the quarter, in comparison with analyst estimates of $1.31 billion. Knight-Swift Transportation had a web margin of 8.28% and a return on fairness of 8.69%. The enterprise’s income was down 5.2% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the agency earned $0.44 earnings per share.

KNX has been the topic of various different stories. Wolfe Analysis lowered shares of Knight-Swift Transportation from an “outperform” score to a “market carry out” score in a analysis word on Tuesday, January 22nd. Zacks Funding Analysis lowered shares of Knight-Swift Transportation from a “purchase” score to a “maintain” score in a analysis word on Monday, February 4th. ValuEngine raised shares of Knight-Swift Transportation from a “promote” score to a “maintain” score in a analysis word on Thursday, February 14th. Lastly, TheStreet raised shares of Knight-Swift Transportation from a “c+” score to a “b-” score in a analysis word on Wednesday, February 13th. One analysis analyst has rated the inventory with a promote score, 4 have assigned a maintain score and eight have issued a purchase score to the corporate’s inventory. The inventory presently has a median score of “Purchase” and a median value goal of $44.45.

Shares of KNX traded up $0.14 throughout buying and selling hours on Friday, reaching $31.48. 944,263 shares of the corporate traded palms, in comparison with its common quantity of two,090,727. Knight-Swift Transportation has a 12-month low of $23.27 and a 12-month excessive of $43.35. The agency has a market capitalization of $5.42 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.78 and a beta of 1.90. The corporate has a present ratio of 1.07, a fast ratio of 1.48 and a debt-to-equity ratio of 0.09.

Institutional traders have not too long ago made modifications to their positions within the enterprise. Nation Belief Financial institution raised its holdings in Knight-Swift Transportation by 22.1% within the first quarter. Nation Belief Financial institution now owns 806,758 shares of the transportation firm’s inventory value $26,365,000 after buying a further 146,162 shares within the final quarter. Norges Financial institution acquired a brand new place in shares of Knight-Swift Transportation through the fourth quarter valued at about $18,781,000. Morgan Stanley elevated its holdings in shares of Knight-Swift Transportation by 46.9% through the third quarter. Morgan Stanley now owns 2,294,531 shares of the transportation firm’s inventory valued at $79,115,000 after buying a further 732,762 shares within the final quarter. JPMorgan Chase & Co. elevated its holdings in shares of Knight-Swift Transportation by 19.6% through the third quarter. JPMorgan Chase & Co. now owns 2,916,099 shares of the transportation firm’s inventory valued at $100,547,000 after buying a further 476,959 shares within the final quarter. Lastly, MetLife Funding Advisors LLC acquired a brand new place in shares of Knight-Swift Transportation through the third quarter valued at about $2,707,000. Institutional traders and hedge funds personal 82.50% of the corporate’s inventory.

In different Knight-Swift Transportation information, VP Shannon Breen offered 1,000 shares of the enterprise’s inventory in a transaction dated Friday, March 15th. The shares had been offered at a median value of $34.82, for a complete worth of $34,820.00. The sale was disclosed in a submitting with the Securities & Alternate Fee, which will be accessed by this hyperlink. Additionally, Vice Chairman Gary J. Knight offered 180,368 shares of the enterprise’s inventory in a transaction dated Thursday, March seventh. The inventory was offered at a median value of $33.18, for a complete transaction of $5,984,610.24. The disclosure for this sale will be discovered right here. Insiders offered 336,828 shares of firm inventory valued at $11,196,519 during the last quarter. 27.50% of the inventory is at present owned by company insiders.

The corporate additionally not too long ago introduced a quarterly dividend, which might be paid on Thursday, June 27th. Shareholders of document on Monday, June third might be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, Might 31st. This represents a $0.24 dividend on an annualized foundation and a yield of 0.76%. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.

Knight-Swift Transportation Firm Profile

Knight-Swift Transportation Holdings Inc, along with its subsidiaries, supplies truckload transportation providers in america, Mexico, and Canada. The corporate operates by six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Devoted, Swift Refrigerated, and Swift Intermodal.

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Earnings History and Estimates for Knight-Swift Transportation (NYSE:KNX)

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