Analysts expect Knight-Swift Transportation Holdings Inc (NYSE:KNX) to announce earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Knight-Swift Transportation’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.62. Knight-Swift Transportation posted earnings per share of $0.56 in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The company is expected to announce its next earnings results on Wednesday, July 24th.
On average, analysts expect that Knight-Swift Transportation will report full year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.59 to $2.75. For the next financial year, analysts forecast that the business will post earnings of $2.90 per share, with EPS estimates ranging from $2.70 to $3.21. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.31 billion. Knight-Swift Transportation had a net margin of 8.28% and a return on equity of 8.69%. Knight-Swift Transportation’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share.
In other news, insider Kevin P. Knight sold 145,960 shares of Knight-Swift Transportation stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.29, for a total transaction of $4,859,008.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Gary J. Knight sold 180,368 shares of Knight-Swift Transportation stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $33.18, for a total transaction of $5,984,610.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 336,078 shares of company stock worth $11,170,951. Insiders own 27.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in KNX. Country Trust Bank lifted its position in Knight-Swift Transportation by 22.1% in the 1st quarter. Country Trust Bank now owns 806,758 shares of the transportation company’s stock valued at $26,365,000 after acquiring an additional 146,162 shares in the last quarter. Norges Bank bought a new stake in Knight-Swift Transportation in the 4th quarter valued at $18,781,000. JPMorgan Chase & Co. lifted its position in Knight-Swift Transportation by 19.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,916,099 shares of the transportation company’s stock valued at $100,547,000 after acquiring an additional 476,959 shares in the last quarter. Sigma Planning Corp lifted its position in Knight-Swift Transportation by 27.9% in the 1st quarter. Sigma Planning Corp now owns 13,402 shares of the transportation company’s stock valued at $438,000 after acquiring an additional 2,926 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Knight-Swift Transportation by 26.0% in the 4th quarter. Hsbc Holdings PLC now owns 58,613 shares of the transportation company’s stock valued at $1,470,000 after acquiring an additional 12,111 shares in the last quarter. 83.16% of the stock is currently owned by institutional investors.
Shares of Knight-Swift Transportation stock traded down $0.33 during midday trading on Tuesday, reaching $27.64. The company had a trading volume of 2,361,796 shares, compared to its average volume of 1,650,329. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $4.85 billion, a P/E ratio of 10.80, a P/E/G ratio of 0.70 and a beta of 1.90. Knight-Swift Transportation has a 1-year low of $23.27 and a 1-year high of $43.35.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, May 31st. Knight-Swift Transportation’s dividend payout ratio is presently 9.38%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
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