Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Declares $0.16 Quarterly Dividend

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Investors of record on Friday, December 6th will be paid a dividend of 0.16 per share by the transportation company on Monday, December 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Friday, December 6th.

Knight-Swift Transportation has increased its dividend by an average of 20.5% per year over the last three years. Knight-Swift Transportation has a payout ratio of 30.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Knight-Swift Transportation to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 29.2%.

Knight-Swift Transportation Stock Performance

Shares of KNX opened at $57.06 on Thursday. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The business’s fifty day simple moving average is $52.78 and its two-hundred day simple moving average is $50.86. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 248.10, a P/E/G ratio of 2.06 and a beta of 0.93.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the company earned $0.41 EPS. Knight-Swift Transportation’s revenue for the quarter was down 7.1% on a year-over-year basis. Research analysts anticipate that Knight-Swift Transportation will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KNX. Bank of America boosted their price objective on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI increased their price target on Knight-Swift Transportation from $49.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Raymond James raised their price target on Knight-Swift Transportation from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Citigroup cut Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.38.

Insider Buying and Selling

In other news, Director Robert E. Synowicki, Jr. sold 2,500 shares of Knight-Swift Transportation stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $53.32, for a total transaction of $133,300.00. Following the sale, the director now owns 21,833 shares in the company, valued at $1,164,135.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by company 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.