Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) – KeyCorp decreased their FY2022 EPS estimates for shares of Knight-Swift Transportation in a report issued on Thursday, January 5th. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $5.10 per share for the year, down from their prior estimate of $5.20. KeyCorp currently has a “Overweight” rating and a $60.00 target price on the stock. The consensus estimate for Knight-Swift Transportation’s current full-year earnings is $5.18 per share. KeyCorp also issued estimates for Knight-Swift Transportation’s Q4 2022 earnings at $1.07 EPS, FY2023 earnings at $4.30 EPS and FY2024 earnings at $4.70 EPS.
Several other equities research analysts have also commented on the stock. Susquehanna dropped their price objective on shares of Knight-Swift Transportation from $64.00 to $63.00 and set a “positive” rating on the stock in a research note on Thursday, October 20th. JPMorgan Chase & Co. decreased their target price on shares of Knight-Swift Transportation from $54.00 to $52.00 and set an “underweight” rating for the company in a report on Thursday, October 20th. Credit Suisse Group decreased their target price on shares of Knight-Swift Transportation from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Evercore ISI decreased their target price on shares of Knight-Swift Transportation from $59.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Finally, Citigroup decreased their price objective on shares of Knight-Swift Transportation from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Moderate Buy” and a consensus price target of $59.81.
Knight-Swift Transportation Trading Up 2.9 %
NYSE:KNX opened at $55.44 on Monday. Knight-Swift Transportation has a one year low of $42.50 and a one year high of $59.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.62. The company’s 50-day simple moving average is $53.20 and its 200 day simple moving average is $51.32. The firm has a market capitalization of $8.91 billion, a P/E ratio of 10.40, a PEG ratio of 0.86 and a beta of 1.17.
Knight-Swift Transportation (NYSE:KNX – Get Rating) last posted its quarterly earnings data on Wednesday, October 19th. The transportation company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.06). Knight-Swift Transportation had a return on equity of 13.98% and a net margin of 11.69%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm earned $1.30 EPS. The company’s revenue was up 15.5% on a year-over-year basis.
Knight-Swift Transportation Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 27th. Shareholders of record on Monday, December 5th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 0.87%. Knight-Swift Transportation’s dividend payout ratio is currently 9.01%.
Institutional Trading of Knight-Swift Transportation
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Knight-Swift Transportation by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,894,447 shares of the transportation company’s stock valued at $701,114,000 after buying an additional 84,898 shares during the last quarter. Wellington Management Group LLP increased its holdings in Knight-Swift Transportation by 13.4% during the first quarter. Wellington Management Group LLP now owns 8,219,189 shares of the transportation company’s stock valued at $414,739,000 after buying an additional 972,139 shares during the last quarter. State Street Corp increased its holdings in Knight-Swift Transportation by 2.7% during the first quarter. State Street Corp now owns 6,314,648 shares of the transportation company’s stock valued at $318,637,000 after buying an additional 166,644 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Knight-Swift Transportation by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 3,961,693 shares of the transportation company’s stock valued at $193,854,000 after buying an additional 149,359 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Knight-Swift Transportation by 2.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,073,413 shares of the transportation company’s stock worth $150,382,000 after purchasing an additional 82,699 shares during the period. 89.95% 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 four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.
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