Media headlines about Knight Transportation (NYSE:KNX) have trended positive recently, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Knight Transportation earned a daily sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave media coverage about the transportation company an impact score of 64 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- Insider Selling: Knight Transportation, Inc. (KNX) VP Sells 2,800 Shares of Stock (americanbankingnews.com)
- Here’s how analysts see Knight Transportation (NYSE:KNX) after this past week (badhub.net)
- BidaskClub Upgrades Knight Transportation, Inc. (KNX) to Buy (americanbankingnews.com)
- Knight Transportation, Inc. (KNX) Upgraded to “Overweight” at Stephens (americanbankingnews.com)
A number of brokerages have recently commented on KNX. BidaskClub upgraded Knight Transportation from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens raised Knight Transportation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $36.00 to $42.00 in a research note on Monday. Deutsche Bank AG reissued a “buy” rating and set a $39.00 price target (down from $40.00) on shares of Knight Transportation in a research note on Friday, April 28th. Robert W. Baird raised Knight Transportation from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $35.00 to $36.00 in a research note on Monday, April 17th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $35.00 price target (up from $32.00) on shares of Knight Transportation in a research note on Friday, April 14th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $35.27.
Knight Transportation (NYSE:KNX) traded down 0.70% during mid-day trading on Friday, reaching $35.55. The company’s stock had a trading volume of 1,612,137 shares. Knight Transportation has a one year low of $24.78 and a one year high of $38.80. The firm has a market cap of $2.86 billion, a PE ratio of 33.54 and a beta of 0.83. The stock’s 50 day moving average is $33.74 and its 200 day moving average is $33.39.
Knight Transportation (NYSE:KNX) last released its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $271.18 million for the quarter, compared to analyst estimates of $276.27 million. Knight Transportation had a net margin of 7.61% and a return on equity of 11.16%. Knight Transportation’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. On average, analysts anticipate that Knight Transportation will post $1.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 2nd will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 31st. This represents a $0.24 annualized dividend and a yield of 0.68%. Knight Transportation’s dividend payout ratio (DPR) is 22.86%.
In other Knight Transportation news, COO Kevin Quast sold 3,469 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $31.71, for a total value of $110,001.99. Following the completion of the transaction, the chief operating officer now owns 63,497 shares in the company, valued at approximately $2,013,489.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin P. Knight sold 17,575 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $34.34, for a total transaction of $603,525.50. Following the completion of the transaction, the insider now owns 2,761,738 shares of the company’s stock, valued at approximately $94,838,082.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,844 shares of company stock worth $1,626,502. 9.90% of the stock is owned by company insiders.
Knight Transportation Company Profile
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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