Equities analysts predict that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will report $1.07 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Knight-Swift Transportation’s earnings, with estimates ranging from $1.05 billion to $1.09 billion. Knight-Swift Transportation reported sales of $1.24 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.7%. The company is expected to issue its next earnings report on Wednesday, July 22nd.
According to Zacks, analysts expect that Knight-Swift Transportation will report full-year sales of $4.51 billion for the current year, with estimates ranging from $4.33 billion to $4.80 billion. For the next financial year, analysts forecast that the company will report sales of $4.77 billion, with estimates ranging from $4.46 billion to $5.18 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, April 22nd. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Knight-Swift Transportation had a net margin of 6.02% and a return on equity of 6.28%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share.
In other news, CAO Wayne Yu sold 2,959 shares of Knight-Swift Transportation stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $39.00, for a total value of $115,401.00. Following the transaction, the chief accounting officer now owns 17,270 shares of the company’s stock, valued at approximately $673,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael K. Liu sold 2,924 shares of Knight-Swift Transportation stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $40.98, for a total transaction of $119,825.52. The disclosure for this sale can be found here. Insiders have sold a total of 481,110 shares of company stock worth $15,576,663 over the last 90 days. 4.30% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Twin Tree Management LP increased its position in shares of Knight-Swift Transportation by 101.4% in the first quarter. Twin Tree Management LP now owns 786 shares of the transportation company’s stock worth $26,000 after acquiring an additional 58,086 shares in the last quarter. Bartlett & Co. LLC acquired a new stake in shares of Knight-Swift Transportation during the first quarter worth approximately $41,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Knight-Swift Transportation by 24.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,335 shares of the transportation company’s stock worth $47,000 after purchasing an additional 261 shares during the period. CSat Investment Advisory L.P. lifted its stake in Knight-Swift Transportation by 20.6% in the first quarter. CSat Investment Advisory L.P. now owns 1,605 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 274 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Knight-Swift Transportation by 102.6% in the first quarter. Fifth Third Bancorp now owns 2,000 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 1,013 shares during the last quarter. 85.79% of the stock is currently owned by institutional investors.
NYSE:KNX traded down $0.09 during trading hours on Friday, reaching $40.57. 66,357 shares of the company were exchanged, compared to its average volume of 1,841,732. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.62 and a beta of 1.36. Knight-Swift Transportation has a 52-week low of $27.53 and a 52-week high of $42.07. The stock has a 50 day simple moving average of $37.69 and a 200 day simple moving average of $36.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, June 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. Knight-Swift Transportation’s dividend payout ratio (DPR) is 14.75%.
About Knight-Swift Transportation
Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation 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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