Zacks: Brokerages Anticipate Knight-Swift Transportation Holdings Inc (KNX) Will Announce Earnings of $0.72 Per Share

Wall Street analysts forecast that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will report earnings per share of $0.72 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Knight-Swift Transportation’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.65. Knight-Swift Transportation reported earnings per share of $0.52 in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.5%. The business is scheduled to report its next earnings report before the market opens on Tuesday, January 29th.

On average, analysts expect that Knight-Swift Transportation will report full-year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.27 to $2.39. For the next fiscal year, analysts expect that the company will report earnings of $2.71 per share, with EPS estimates ranging from $2.52 to $2.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Knight-Swift Transportation.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, October 24th. The transportation company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Knight-Swift Transportation had a return on equity of 7.26% and a net margin of 13.47%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 158.2% compared to the same quarter last year.

KNX has been the topic of a number of research analyst reports. ValuEngine downgraded Knight-Swift Transportation from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Loop Capital assumed coverage on Knight-Swift Transportation in a report on Tuesday, October 2nd. They issued a “buy” rating and a $45.00 price target on the stock. Zacks Investment Research downgraded Knight-Swift Transportation from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. UBS Group reissued a “neutral” rating and issued a $36.00 price target (down previously from $43.00) on shares of Knight-Swift Transportation in a report on Tuesday, December 4th. Finally, Goldman Sachs Group raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $46.00 to $48.00 in a report on Thursday, November 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $46.94.

In related news, insider Jerry Moyes sold 1,173,680 shares of Knight-Swift Transportation stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $24.98, for a total value of $29,318,526.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert E. Synowicki, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average price of $28.83 per share, for a total transaction of $28,830.00. The disclosure for this purchase can be found here. 27.50% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of KNX. First Trust Advisors LP acquired a new stake in shares of Knight-Swift Transportation in the second quarter worth $1,856,000. Legal & General Group Plc lifted its position in shares of Knight-Swift Transportation by 13.2% in the second quarter. Legal & General Group Plc now owns 239,416 shares of the transportation company’s stock worth $9,148,000 after buying an additional 27,855 shares during the last quarter. FMR LLC lifted its position in shares of Knight-Swift Transportation by 100.0% in the second quarter. FMR LLC now owns 1,581,128 shares of the transportation company’s stock worth $60,415,000 after buying an additional 790,467 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Knight-Swift Transportation by 24.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 29,909 shares of the transportation company’s stock worth $1,143,000 after buying an additional 5,900 shares during the last quarter. Finally, AMP Capital Investors Ltd lifted its position in shares of Knight-Swift Transportation by 148.8% in the second quarter. AMP Capital Investors Ltd now owns 89,722 shares of the transportation company’s stock worth $3,430,000 after buying an additional 53,667 shares during the last quarter. 80.70% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE KNX opened at $28.65 on Friday. Knight-Swift Transportation has a fifty-two week low of $23.27 and a fifty-two week high of $51.94. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 0.73 and a beta of 1.76.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Monday, December 3rd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, November 30th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 17.39%.

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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