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

On average, 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 financial year, analysts forecast that the company will post 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 sell-side research firms that follow Knight-Swift Transportation.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, July 25th. The transportation company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. Knight-Swift Transportation had a return on equity of 5.74% and a net margin of 13.67%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 387.4% on a year-over-year basis.

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Knight-Swift Transportation from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, April 26th. ValuEngine lowered Knight-Swift Transportation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 24th. Credit Suisse Group dropped their target price on Knight-Swift Transportation from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, April 26th. UBS Group raised their target price on Knight-Swift Transportation from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, April 26th. Finally, Stifel Nicolaus upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Monday, May 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $49.44.

KNX stock opened at $33.54 on Tuesday. Knight-Swift Transportation has a twelve month low of $29.00 and a twelve month high of $51.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $5.92 billion, a PE ratio of 24.26, a P/E/G ratio of 0.97 and a beta of 1.58.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Monday, September 3rd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.72%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 17.39%.

In other Knight-Swift Transportation news, CAO Wayne Yu purchased 1,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were acquired at an average cost of $32.01 per share, for a total transaction of $56,017.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Green Square Capital LLC lifted its holdings in Knight-Swift Transportation by 83.6% during the second quarter. Green Square Capital LLC now owns 22,079 shares of the transportation company’s stock worth $844,000 after acquiring an additional 10,051 shares during the period. WINTON GROUP Ltd bought a new stake in Knight-Swift Transportation during the second quarter worth $289,000. Nomura Holdings Inc. lifted its holdings in Knight-Swift Transportation by 1,681.1% during the second quarter. Nomura Holdings Inc. now owns 1,104,298 shares of the transportation company’s stock worth $42,195,000 after acquiring an additional 1,042,298 shares during the period. Verition Fund Management LLC lifted its holdings in Knight-Swift Transportation by 261.4% during the second quarter. Verition Fund Management LLC now owns 88,074 shares of the transportation company’s stock worth $3,365,000 after acquiring an additional 63,702 shares during the period. Finally, Sapience Investments LLC lifted its holdings in Knight-Swift Transportation by 27.8% during the second quarter. Sapience Investments LLC now owns 205,527 shares of the transportation company’s stock worth $7,853,000 after acquiring an additional 44,705 shares during the period. Institutional investors and hedge funds own 80.28% 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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