Knight-Swift Transportation (NYSE:KNX) Issues Q1 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.29-0.33 for the period, compared to the consensus estimate of $0.35. Knight-Swift Transportation also updated its Q1 2025 guidance to 0.290-0.330 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a report on Friday. UBS Group dropped their price target on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Raymond James raised their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. Barclays lifted their price objective on shares of Knight-Swift Transportation from $57.00 to $62.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley dropped their price target on shares of Knight-Swift Transportation from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and an average price target of $55.94.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $52.53 on Friday. The stock has a 50-day simple moving average of $52.24 and a 200-day simple moving average of $50.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $8.50 billion, a PE ratio of 128.13, a PEG ratio of 1.74 and a beta of 0.92. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99.

Knight-Swift Transportation (NYSE:KNX) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, analysts predict that Knight-Swift Transportation will post 1.06 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were given a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.22%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 156.10%.

Insider Activity

In related news, Director Michael Garnreiter sold 2,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $50.57, for a total value of $101,140.00. Following the completion of the transaction, the director now owns 17,648 shares of the company’s stock, valued at approximately $892,459.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $53.32, for a total value of $133,300.00. Following the sale, the director now directly owns 21,833 shares in the company, valued at $1,164,135.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Garnreiter sold 2,000 shares of Knight-Swift Transportation stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $50.57, for a total value of $101,140.00. Following the transaction, the director now owns 17,648 shares in the company, valued at approximately $892,459.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,196 shares of company stock worth $4,367,869. 3.00% of the stock is currently owned by corporate insiders.

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.