Swift Transportation Company (KNX) Set to Announce Earnings on Monday
Swift Transportation Company (NYSE:KNX) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Swift Transportation to post earnings of $0.31 per share for the quarter.
Shares of Swift Transportation Company (NYSE KNX) opened at $41.22 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 26.66 and a beta of 2.07.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Swift Transportation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub lowered Swift Transportation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Deutsche Bank AG set a $45.00 price target on Swift Transportation and gave the stock a “buy” rating in a research note on Monday, July 31st. Citigroup Inc assumed coverage on Swift Transportation in a research note on Tuesday, September 19th. They set a “buy” rating and a $48.00 price target on the stock. Finally, Barclays PLC boosted their price target on Swift Transportation from $33.00 to $37.00 and gave the stock an “underweight” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.94.
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In other Swift Transportation news, Director G D. Madden sold 1,875 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.52, for a total value of $68,475.00. Following the completion of the transaction, the director now directly owns 56,011 shares of the company’s stock, valued at $2,045,521.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Todd F. Carlson sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $37.86, for a total value of $113,580.00. Following the completion of the transaction, the general counsel now directly owns 23,638 shares of the company’s stock, valued at $894,934.68. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.
About Swift Transportation
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.
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