Equities research analysts expect Knight-Swift Transportation Holdings Inc (NYSE:KNX) to report sales of $1.35 billion for the current quarter, Zacks reports. Five analysts have made estimates for Knight-Swift Transportation’s earnings. The lowest sales estimate is $1.33 billion and the highest is $1.38 billion. Knight-Swift Transportation reported sales of $521.61 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 158.8%. The business is expected to issue its next earnings results on Monday, November 5th.

According to Zacks, analysts expect that Knight-Swift Transportation will report full-year sales of $5.39 billion for the current year, with estimates ranging from $5.31 billion to $5.46 billion. For the next fiscal year, analysts forecast that the company will report sales of $5.76 billion per share, with estimates ranging from $5.56 billion to $5.96 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Knight-Swift Transportation.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. Knight-Swift Transportation had a return on equity of 5.74% and a net margin of 13.67%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 387.4% compared to the same quarter last year.

Several research analysts recently issued reports on the company. ValuEngine upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Credit Suisse Group cut their price target on Knight-Swift Transportation from $43.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, July 26th. Morgan Stanley cut their price target on Knight-Swift Transportation from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 26th. Buckingham Research cut their price target on Knight-Swift Transportation from $62.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Finally, Stifel Nicolaus cut their price target on Knight-Swift Transportation from $48.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $49.44.

Shares of Knight-Swift Transportation stock traded down $0.26 during trading on Friday, hitting $36.07. 2,349,900 shares of the company were exchanged, compared to its average volume of 2,702,016. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 1.47. Knight-Swift Transportation has a fifty-two week low of $29.00 and a fifty-two week high of $51.94. The company has a market capitalization of $6.28 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.03 and a beta of 1.63.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Monday, September 3rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.24 annualized dividend and a yield of 0.67%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 17.39%.

In other Knight-Swift Transportation news, CAO Wayne Yu purchased 1,750 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was bought at an average cost of $32.01 per share, for a total transaction of $56,017.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 27.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $4,087,000. Wesbanco Bank Inc. acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $3,835,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Knight-Swift Transportation by 14.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 53,228 shares of the transportation company’s stock worth $2,034,000 after buying an additional 6,838 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $164,000. Finally, Precocity Capital LP acquired a new stake in shares of Knight-Swift Transportation during the 2nd quarter worth $11,463,000. Institutional investors and hedge funds own 79.60% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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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Earnings History and Estimates for Knight-Swift Transportation (NYSE:KNX)

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