Wall Street brokerages forecast that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will announce $1.41 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Knight-Swift Transportation’s earnings. The highest sales estimate is $1.45 billion and the lowest is $1.38 billion. Knight-Swift Transportation reported sales of $1.36 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The firm is scheduled to report its next earnings report on Tuesday, January 29th.
On average, analysts expect that Knight-Swift Transportation will report full year sales of $5.38 billion for the current financial year, with estimates ranging from $5.33 billion to $5.50 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.71 billion, with estimates ranging from $5.52 billion to $5.98 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. Knight-Swift Transportation had a net margin of 13.47% and a return on equity of 7.26%. The company’s quarterly revenue was up 158.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC lifted its holdings in Knight-Swift Transportation by 24.3% in the 2nd quarter. Millennium Management LLC now owns 4,563,750 shares of the transportation company’s stock valued at $174,381,000 after acquiring an additional 893,003 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Knight-Swift Transportation by 28.3% in the 2nd quarter. Citadel Advisors LLC now owns 4,297,340 shares of the transportation company’s stock valued at $164,202,000 after acquiring an additional 947,818 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Knight-Swift Transportation by 19.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,916,099 shares of the transportation company’s stock valued at $100,547,000 after acquiring an additional 476,959 shares during the last quarter. Waddell & Reed Financial Inc. lifted its holdings in Knight-Swift Transportation by 16.0% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,303,473 shares of the transportation company’s stock valued at $88,016,000 after acquiring an additional 317,777 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in Knight-Swift Transportation by 58.4% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,291,961 shares of the transportation company’s stock valued at $79,027,000 after acquiring an additional 844,673 shares during the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.
Shares of Knight-Swift Transportation stock traded down $0.62 during trading on Friday, hitting $33.27. 52,958 shares of the stock were exchanged, compared to its average volume of 2,762,102. The firm has a market capitalization of $5.99 billion, a P/E ratio of 24.14, a P/E/G ratio of 0.96 and a beta of 1.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.43. Knight-Swift Transportation has a 12 month low of $29.00 and a 12 month high of $51.94.
About Knight-Swift Transportation
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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