Knight-Swift Transportation (NYSE:KNX) Posts Earnings Results, Beats Estimates By $0.03 EPS

Knight-Swift Transportation (NYSE:KNX - Get Free Report) announced its earnings results on Wednesday. The transportation company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03, Zacks reports. Knight-Swift Transportation had a net margin of 0.50% and a return on equity of 1.81%.

Knight-Swift Transportation Stock Performance

Shares of KNX traded down $0.46 during mid-day trading on Wednesday, hitting $54.84. 3,312,994 shares of the company's stock were exchanged, compared to its average volume of 2,027,297. The firm has a market capitalization of $8.88 billion, a P/E ratio of 238.42, a P/E/G ratio of 1.02 and a beta of 0.98. Knight-Swift Transportation has a fifty-two week low of $45.55 and a fifty-two week high of $60.99. The business's 50 day moving average is $55.29 and its two-hundred day moving average is $53.34. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31.

Knight-Swift Transportation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Friday, December 6th were issued a $0.16 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. Knight-Swift Transportation's payout ratio is 278.27%.

Insider Buying and Selling at Knight-Swift Transportation

In related news, Director Ploeg David Vander sold 500 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the transaction, the director now directly owns 30,729 shares of the company's stock, valued at $1,754,625.90. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Kevin P. Knight sold 29,779 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KNX has been the topic of several analyst reports. Susquehanna upgraded Knight-Swift Transportation from a "neutral" rating to a "positive" rating and increased their price objective for the company from $48.00 to $67.00 in a research note on Friday, January 3rd. Evercore ISI upped their target price on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an "in-line" rating in a research note on Thursday, October 24th. Stifel Nicolaus raised 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, October 25th. TD Cowen boosted their price target on shares of 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 lowered shares of Knight-Swift Transportation from a "neutral" rating to a "sell" rating and set a $56.00 price objective on the stock. in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.56.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.