Knight-Swift Transportation (NYSE:KNX) Announces Quarterly Earnings Results

Knight-Swift Transportation (NYSE:KNX) posted its quarterly earnings results on Wednesday. The transportation company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12, FiscalAI reports. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.50%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. Knight-Swift Transportation updated its Q3 2026 guidance to 0.710-0.770 EPS.

Here are the key takeaways from Knight-Swift Transportation’s conference call:

• Knight-Swift said the truckload market tightened materially in Q2, with spot rates, tender rejections, and bid activity improving; management believes this is starting to translate into better contract pricing and revenue per mile, especially in June and into Q3.
• Second-quarter results improved sharply, with consolidated adjusted EPS up 80% year over year to $0.63 and adjusted operating income up 45.5%, driven by pricing gains and network efficiency across asset-based businesses.
• The Truckload segment posted its best adjusted operating margin in over three years, and U.S. Xpress’s over-the-road division turned profitable for the first time since acquisition, highlighting progress from rate recovery and tighter network management.
• Management expects driver availability to remain a constraint, but said it is taking targeted Q3 actions on pay, recruiting, and productivity incentives to improve seated tractors while balancing margin restoration.
• The company raised its third-quarter adjusted EPS guidance to $0.71-$0.77 and emphasized that the new convertible bond financing should save about $44 million annually pre-tax while extending maturities and limiting dilution.

Knight-Swift Transportation Trading Down 5.2%

NYSE KNX opened at $72.05 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $75.53 and a 200 day simple moving average of $64.92. Knight-Swift Transportation has a 12 month low of $38.63 and a 12 month high of $82.86. The firm has a market capitalization of $11.71 billion, a P/E ratio of 277.13, a PEG ratio of 0.85 and a beta of 1.18.

Knight-Swift Transportation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 8th. Knight-Swift Transportation’s dividend payout ratio is presently 380.95%.

Analyst Ratings Changes

A number of analysts recently commented on KNX shares. Citigroup raised Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Thursday, July 9th. Wells Fargo & Company increased their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Benchmark raised their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Evercore upgraded Knight-Swift Transportation from an “in-line” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. upped their target price on Knight-Swift Transportation from $77.00 to $84.00 and gave the stock a “neutral” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Buy” and an average price target of $84.44.

Knight-Swift Transportation News Roundup

Here are the key news stories impacting Knight-Swift Transportation this week:

• Positive Sentiment: Knight-Swift beat second-quarter expectations, reporting EPS of $0.63 versus consensus around $0.49-$0.51 and revenue of $2.10 billion versus estimates near $2.05 billion, with revenue up 12.6% year over year. Earnings report and transcript
• Positive Sentiment: The company also issued third-quarter EPS guidance of $0.71 to $0.77, above the Street’s estimate of about $0.67, which suggests management sees continued momentum. Quarterly results announcement
• Positive Sentiment: Several Wall Street firms lifted price targets after the results, including Bank of America to $98, Stifel to $88, Susquehanna to $96, TD Cowen to $86, and JPMorgan to $84, reflecting improved sentiment around the stock. Analyst target updates
• Neutral Sentiment: JPMorgan kept a neutral rating despite raising its target, while the other firms maintained more constructive views such as buy or positive. JPMorgan update

Institutional Trading of Knight-Swift Transportation

Institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new position in shares of Knight-Swift Transportation during the fourth quarter valued at about $39,000. Caitong International Asset Management Co. Ltd grew its position in Knight-Swift Transportation by 1,478.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after purchasing an additional 828 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in Knight-Swift Transportation by 151.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 941 shares of the transportation company’s stock worth $49,000 after purchasing an additional 567 shares in the last quarter. Sfam LLC purchased a new stake in Knight-Swift Transportation in the 4th quarter valued at about $70,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in Knight-Swift Transportation in the 4th quarter valued at about $103,000. Institutional investors own 88.77% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.