Knight-Swift Transportation (NYSE:KNX) Issues Q1 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.29-0.33 for the period, compared to the consensus EPS estimate of $0.35. Knight-Swift Transportation also updated its Q1 2025 guidance to 0.290-0.330 EPS.

Analyst Upgrades and Downgrades

KNX has been the subject of a number of research analyst reports. Susquehanna increased their target price on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. StockNews.com upgraded Knight-Swift Transportation to a “sell” rating in a report on Thursday, July 25th. Bank of America lifted their target price on Knight-Swift Transportation from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. TD Cowen increased their price objective on shares of Knight-Swift Transportation from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, UBS Group cut their target price on Knight-Swift Transportation from $59.00 to $58.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Knight-Swift Transportation has a consensus rating of “Hold” and an average target price of $54.60.

Knight-Swift Transportation Trading Down 0.1 %

Shares of KNX stock traded down $0.05 during trading hours on Wednesday, hitting $52.74. 4,626,802 shares of the company’s stock traded hands, compared to its average volume of 2,062,038. The stock has a market cap of $8.52 billion, a PE ratio of 78.72, a price-to-earnings-growth ratio of 1.72 and a beta of 0.92. Knight-Swift Transportation has a 12 month low of $45.55 and a 12 month high of $60.99. The stock’s 50 day simple moving average is $52.26 and its 200 day simple moving average is $50.35. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.24.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.83 billion. Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. On average, sell-side analysts anticipate that Knight-Swift Transportation will post 1.06 EPS for the current year.

Knight-Swift Transportation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 6th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, September 6th. Knight-Swift Transportation’s payout ratio is currently 95.52%.

Insider Activity

In other Knight-Swift Transportation news, EVP Michael K. Liu sold 5,696 shares of Knight-Swift Transportation stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Kevin P. Knight sold 45,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $51.53, for a total transaction of $2,318,850.00. Following the transaction, the chairman now owns 1,422,360 shares in the company, valued at $73,294,210.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael K. Liu sold 5,696 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $53.49, for a total transaction of $304,679.04. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock valued at $4,367,869 over the last three months. Corporate insiders own 3.00% of the company’s stock.

About Knight-Swift Transportation

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.