Knight-Swift Transportation (NYSE:KNX) introduced its quarterly earnings outcomes on Wednesday, April 24th. The transportation firm reported $0.55 earnings per share for the quarter, beating analystsâ€™ consensus estimates of $0.52 by $0.03, MarketWatch Earnings stories. The agency had income of $1.20 billion for the quarter, in comparison with analystsâ€™ expectations of $1.31 billion. Knight-Swift Transportation had a web margin of 8.28% and a return on fairness of 8.69%. Knight-Swift Transportationâ€™s income was down 5.2% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the corporate posted $0.44 earnings per share. Knight-Swift Transportation up to date its Q2 steerage to $0.62-0.64 EPS and its Q3 steerage to $0.62-0.66 EPS.
Shares of KNX traded down $0.71 throughout noon buying and selling on Friday, hitting $30.93. 1,598,000 shares of the inventory traded arms, in comparison with its common quantity of two,127,750. Knight-Swift Transportation has a 1-year low of $23.27 and a 1-year excessive of $43.35. The corporate has a market cap of $5.36 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.78 and a beta of 1.90. The corporate has a debt-to-equity ratio of 0.09, a fast ratio of 1.07 and a present ratio of 1.07.
The corporate additionally lately declared a quarterly dividend, which shall be paid on Thursday, June 27th. Stockholders of file on Monday, June third shall be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, Might 31st. Knight-Swift Transportationâ€™s dividend payout ratio (DPR) is 9.38%.
In associated information, insider Kevin P. Knight offered 145,960 shares of the corporateâ€™s inventory in a transaction dated Tuesday, March fifth. The shares had been offered at a median worth of $33.29, for a complete worth of $4,859,008.40. The transaction was disclosed in a submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. Additionally, Vice Chairman Gary J. Knight offered 180,368 shares of the corporateâ€™s inventory in a transaction dated Thursday, March seventh. The inventory was offered at a median worth of $33.18, for a complete transaction of $5,984,610.24. The disclosure for this sale may be discovered right here. Within the final three months, insiders have offered 336,078 shares of firm inventory valued at $11,170,951. Company insiders personal 27.50% of the corporateâ€™s inventory.
Hedge funds and different institutional buyers have lately modified their holdings of the enterprise. Paradigm Asset Administration Co. LLC acquired a brand new stake in Knight-Swift Transportation in the course of the third quarter price about $53,000. First Hawaiian Financial institution acquired a brand new stake in Knight-Swift Transportation in the course of the 1st quarter price about $54,000. Enterprise Monetary Companies Corp acquired a brand new stake in Knight-Swift Transportation in the course of the 1st quarter price about $71,000. We Are One Seven LLC acquired a brand new stake in Knight-Swift Transportation in the course of the 4th quarter price about $74,000. Lastly, Oregon Public Staff Retirement Fund raised its holdings in Knight-Swift Transportation by 2,585.8% in the course of the 4th quarter. Oregon Public Staff Retirement Fund now owns 2,390,048 shares of the transportation firmâ€™s inventory price $95,000 after shopping for a further 2,301,060 shares in the course of the interval. 82.06% of the inventory is owned by institutional buyers.
Plenty of analysts have lately issued stories on KNX shares. Wolfe Analysis lowered shares of Knight-Swift Transportation from an â€œoutperformâ€ ranking to a â€œmarket carry outâ€ ranking in a analysis word on Tuesday, January 22nd. Zacks Funding Analysis lowered shares of Knight-Swift Transportation from a â€œpurchaseâ€ ranking to a â€œmaintainâ€ ranking in a analysis word on Monday, February 4th. ValuEngine upgraded shares of Knight-Swift Transportation from a â€œpromoteâ€ ranking to a â€œmaintainâ€ ranking in a analysis word on Thursday, February 14th. Lastly, TheStreet upgraded shares of Knight-Swift Transportation from a â€œc+â€ ranking to a â€œb-â€ ranking in a analysis word on Wednesday, February 13th. One equities analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and eight have assigned a purchase ranking to the inventory. Knight-Swift Transportation has a median ranking of â€œPurchaseâ€ and a consensus worth goal of $44.45.
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About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, along with its subsidiaries, offers truckload transportation providers in the USA, Mexico, and Canada. The corporate operates by means of six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Devoted, Swift Refrigerated, and Swift Intermodal.
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