Knight-Swift Transportation (NYSE:KNX) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Knight-Swift Transportation (NYSE:KNX - Get Free Report) posted its quarterly earnings results on Wednesday. The transportation company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02, Briefing.com reports. Knight-Swift Transportation had a net margin of 0.88% and a return on equity of 1.98%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $0.41 earnings per share. Knight-Swift Transportation's revenue was down 7.1% on a year-over-year basis.

Knight-Swift Transportation Stock Down 1.5 %

Shares of KNX traded down $0.80 during midday trading on Thursday, hitting $51.94. The company had a trading volume of 3,793,221 shares, compared to its average volume of 2,070,448. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 126.69, a PEG ratio of 1.74 and a beta of 0.92. The company's 50 day moving average price is $52.27 and its 200 day moving average price is $50.37. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. Knight-Swift Transportation has a 52 week low of $45.55 and a 52 week high of $60.99.

Knight-Swift Transportation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 6th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 1.23%. Knight-Swift Transportation's dividend payout ratio (DPR) is 156.10%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KNX. Susquehanna increased their target price on Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. Citigroup began coverage on Knight-Swift Transportation in a research note on Wednesday, October 9th. They issued a "neutral" rating and a $55.00 price objective on the stock. UBS Group dropped their target price on shares of Knight-Swift Transportation from $59.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, July 9th. Raymond James lifted their price target on shares of Knight-Swift Transportation from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Knight-Swift Transportation from $51.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.88.

Insider Buying and Selling

In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the company'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 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Knight-Swift Transportation news, Director Robert E. Synowicki, Jr. sold 2,500 shares of Knight-Swift Transportation stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.32, for a total value of $133,300.00. Following the completion of the transaction, the director now owns 21,833 shares of the company's stock, valued at $1,164,135.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Michael K. Liu sold 5,696 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,196 shares of company stock worth $4,367,869. Corporate insiders own 3.00% of the company's stock.

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.

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