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

Knight-Swift Transportation Holdings Inc. (NYSE:KNX - Get Free Report) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Stockholders 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 dividend yield of 1.13%.

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% meaning its dividend is sufficiently covered by earnings. Equities 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 NYSE KNX traded down $2.40 during trading on Tuesday, reaching $56.48. 2,639,304 shares of the stock traded hands, compared to its average volume of 2,074,810. The stock has a market capitalization of $9.14 billion, a P/E ratio of 256.00, a price-to-earnings-growth ratio of 2.17 and a beta of 0.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50-day moving average of $52.70 and a 200-day moving average of $50.79. Knight-Swift Transportation has a 52-week low of $45.55 and a 52-week high of $60.99.

Knight-Swift Transportation (NYSE:KNX - Get Free Report) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.91 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The company's quarterly revenue was down 7.1% on a year-over-year basis. Analysts forecast that Knight-Swift Transportation will post 1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KNX. The Goldman Sachs Group dropped their target price on shares of Knight-Swift Transportation from $48.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Evercore ISI boosted their target price on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the company an "in-line" rating in a research report on Thursday, October 24th. StockNews.com raised Knight-Swift Transportation to a "sell" rating in a research report on Thursday, July 25th. TD Cowen boosted their price objective on Knight-Swift Transportation from $55.00 to $56.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Citigroup cut Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 price target on the stock. in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $56.00.

Insider Activity

In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $53.32, for a total transaction of $133,300.00. Following the completion of the transaction, the director now owns 21,833 shares of the company's stock, valued at approximately $1,164,135.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.