Knight-Swift Transportation (NYSE:KNX) Releases FY21 Earnings Guidance


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Knight-Swift Transportation (NYSE:KNX) issued an update on its FY21 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.45-3.60 for the period, compared to the Thomson Reuters consensus estimate of $3.39.

KNX opened at $46.56 on Thursday. Knight-Swift Transportation has a fifty-two week low of $34.58 and a fifty-two week high of $50.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 0.87 and a beta of 1.19. The company’s 50 day moving average price is $47.36 and its two-hundred day moving average price is $43.02.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, April 21st. The transportation company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.13. Knight-Swift Transportation had a net margin of 7.30% and a return on equity of 6.97%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that Knight-Swift Transportation will post 2.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 28th. Stockholders of record on Friday, June 4th will be paid a $0.10 dividend. This is a positive change from Knight-Swift Transportation’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, June 3rd. Knight-Swift Transportation’s dividend payout ratio is currently 14.75%.

A number of equities research analysts have recently commented on KNX shares. KeyCorp upped their price objective on shares of Knight-Swift Transportation from $52.00 to $58.00 and gave the company an overweight rating in a research note on Thursday, April 15th. Susquehanna reaffirmed a neutral rating and issued a $53.00 price objective on shares of Knight-Swift Transportation in a research note on Monday. KCG raised shares of Knight-Swift Transportation from a neutral rating to a buy rating and upped their price objective for the company from $46.00 to $52.00 in a research note on Thursday, March 4th. Bank of America raised shares of Knight-Swift Transportation from a neutral rating to a buy rating and upped their price objective for the company from $46.00 to $52.00 in a research note on Wednesday, March 10th. Finally, Wolfe Research downgraded shares of Knight-Swift Transportation from an outperform rating to a market perform rating in a research report on Thursday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Knight-Swift Transportation presently has a consensus rating of Buy and an average price target of $50.70.

In other news, Vice Chairman Gary J. Knight sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 30th. The shares were sold at an average price of $49.00, for a total value of $2,450,000.00. Following the completion of the sale, the insider now owns 10,285 shares in the company, valued at approximately $503,965. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 49,600 shares of the company’s stock in a transaction on Friday, April 9th. The stock was sold at an average price of $50.06, for a total transaction of $2,482,976.00. Following the completion of the sale, the chairman now owns 5,509 shares of the company’s stock, valued at approximately $275,780.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 199,600 shares of company stock worth $9,882,976. Corporate insiders own 27.50% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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