Analysts expect that Knight-Swift Transportation Holdings Inc (NYSE:KNX) will post $1.07 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Knight-Swift Transportation’s earnings, with the lowest sales estimate coming in at $1.05 billion and the highest estimate coming in at $1.09 billion. Knight-Swift Transportation posted sales of $1.24 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 13.7%. The business is scheduled to issue its next earnings report on Wednesday, July 22nd.
On average, analysts expect that Knight-Swift Transportation will report full-year sales of $4.51 billion for the current financial 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 Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Knight-Swift Transportation.
Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, April 22nd. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Knight-Swift Transportation had a return on equity of 6.28% and a net margin of 6.02%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS.
Shares of NYSE:KNX traded down $0.05 during trading on Monday, reaching $41.35. 2,215,968 shares of the company’s stock traded hands, compared to its average volume of 2,436,579. The stock has a market capitalization of $7.03 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36. Knight-Swift Transportation has a 12 month low of $27.54 and a 12 month high of $43.03. The company has a 50 day moving average of $39.89 and a 200-day moving average of $36.64. 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 company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.77%. Knight-Swift Transportation’s dividend payout ratio is currently 14.75%.
In other Knight-Swift Transportation news, VP Michael K. Liu sold 2,924 shares of Knight-Swift Transportation stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $40.98, for a total transaction of $119,825.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Wayne Yu sold 2,959 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $39.00, for a total value of $115,401.00. Following the completion of the transaction, the chief accounting officer now owns 17,270 shares in the company, valued at approximately $673,530. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 344,035 shares of company stock worth $13,309,714. Corporate insiders own 27.50% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNX. Cambridge Investment Research Advisors Inc. acquired a new position in Knight-Swift Transportation in the fourth quarter worth approximately $204,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Knight-Swift Transportation by 24.3% during the 4th 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 last quarter. Sei Investments Co. increased its stake in shares of Knight-Swift Transportation by 25.5% during the 4th quarter. Sei Investments Co. now owns 157,796 shares of the transportation company’s stock worth $5,655,000 after purchasing an additional 32,042 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Knight-Swift Transportation by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 23,341 shares of the transportation company’s stock valued at $837,000 after purchasing an additional 346 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of Knight-Swift Transportation by 1.1% in the 4th quarter. Comerica Bank now owns 71,830 shares of the transportation company’s stock valued at $2,732,000 after purchasing an additional 762 shares during the last quarter. 85.79% of the stock is owned by hedge funds and other institutional investors.
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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