$ 1.35 EPS Expected for Knight-Swift Transportation Holdings Inc. (NYSE: KNX) This Quarter

Wall Street brokerages expect that Knight-Swift Transportation Holdings Inc. (NYSE: KNX - Get Rating) will announce earnings per share of $ 1.35 for the current quarter, Zacks reports. Nine analysts have issued estimates for Knight-Swift Transportation’s earnings, with the highest EPS estimate coming in at $ 1.45 and the lowest estimate coming in at $ 1.27. Knight-Swift Transportation posted earnings per share of $ 0.98 during the same quarter last year, which indicates a positive year-over-year growth rate of 37.8%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Knight-Swift Transportation will report full-year earnings of $ 5.33 per share for the current year, with EPS estimates ranging from $ 5.15 to $ 5.40. For the next fiscal year, analysts anticipate that the company will post earnings of $ 4.79 per share, with EPS estimates ranging from $ 4.40 to $ 5.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that provide coverage for Knight-Swift Transportation.

Knight-Swift Transportation (NYSE: KNX - Get Rating) last released its earnings results on Wednesday, April 20th. The transportation company reported $ 1.35 earnings per share for the quarter, topping the estimate consensus of $ 1.26 by $ 0.09. Knight-Swift Transportation had a return on equity of 13.69% and a net margin of 12.45%. The business had revenue of $ 1.83 billion during the quarter, compared to the estimate consensus of $ 1.76 billion. During the same period last year, the company earned $ 0.83 earnings per share. The business’s revenue for the quarter was up 49.4% compared to the same quarter last year.

KNX has been the subject of several recent research reports. Stephens decreased their price objective on Knight-Swift Transportation from $ 70.00 to $ 66.00 and set an “overweight” rating for the company in a report on Friday, April 1st. Wolfe Research decreased their price objective on Knight-Swift Transportation from $ 55.00 to $ 48.00 and set an “underperform” rating for the company in a report on Tuesday, April 5th. Susquehanna upgraded Knight-Swift Transportation from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $ 62.00 to $ 69.00 in a report on Friday, March 4th. JPMorgan Chase & Co. decreased their price objective on Knight-Swift Transportation from $ 54.00 to $ 52.00 and set an “underweight” rating for the company in a report on Friday, April 8th. Finally, Cowen lifted their objective price on Knight-Swift Transportation from $ 54.00 to $ 55.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $ 64.11.

Shares of KNX stock traded down $ 0.29 on Friday, hitting $ 49.03. The stock had a trading volume of 2,058,937 shares, compared to its average volume of 2,359,175. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $ 48.10 and a 200 day moving average price of $ 53.67. The company has a market cap of $ 8.02 billion, a PE ratio of 9.97, a P / E / G ratio of 0.62 and a beta of 1.23. Knight-Swift Transportation has a one year low of $ 42.50 and a one year high of $ 62.29.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 27th. Stockholders of record on Friday, June 10th will be paid a dividend of $ 0.12 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $ 0.48 dividend on an annualized basis and a dividend yield of 0.98%. Knight-Swift Transportation’s payout ratio is 9.76%.

Several hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of Knight-Swift Transportation by 1.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,811 shares of the transportation company stock worth $ 720,000 after acquiring an additional 213 shares during the last quarter. CIBC Asset Management Inc boosted its position in Knight-Swift Transportation by 3.5% in the fourth quarter. CIBC Asset Management Inc now owns 6,873 shares of the transportation company stock valued at $ 419,000 after buying an additional 231 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Knight-Swift Transportation by 1.2% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 19,400 shares of the transportation company stock valued at $ 1,182,000 after buying an additional 234 shares during the last quarter. Hotaling Investment Management LLC boosted its position in Knight-Swift Transportation by 0.9% in the fourth quarter. Hotaling Investment Management LLC now owns 26,840 shares of the transportation company stock valued at $ 1,636,000 after buying an additional 241 shares during the last quarter. Finally, Highland Capital Management LLC boosted its position in Knight-Swift Transportation by 0.7% in the first quarter. Highland Capital Management LLC now owns 44,864 shares of the transportation company stock valued at $ 2,264,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 86.20% of the company stock.

Knight-Swift Transportation Company Profile (Get Rating)

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), 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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