Knight-Swift Transportation (NYSE:KNX) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Knight-Swift Transportation (NYSE:KNX) posted its quarterly earnings data on Wednesday. The transportation company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03), Briefing.com reports. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Knight-Swift Transportation had a net margin of 1.50% and a return on equity of 2.54%. Knight-Swift Transportation’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS.

Knight-Swift Transportation Stock Performance

Shares of NYSE KNX traded up $3.05 during trading hours on Thursday, reaching $52.03. The stock had a trading volume of 6,392,298 shares, compared to its average volume of 2,125,525. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 77.66, a PEG ratio of 1.32 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The firm has a 50-day moving average of $48.70 and a 200-day moving average of $52.16.

Knight-Swift Transportation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.64 annualized dividend and a dividend yield of 1.23%. Knight-Swift Transportation’s dividend payout ratio is currently 95.52%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KNX. JPMorgan Chase & Co. boosted their price objective on Knight-Swift Transportation from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday. Barclays cut their price objective on Knight-Swift Transportation from $62.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Robert W. Baird lowered their target price on Knight-Swift Transportation from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Susquehanna lowered their target price on Knight-Swift Transportation from $59.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, StockNews.com raised Knight-Swift Transportation to a “sell” rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Knight-Swift Transportation presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.79.

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.