Analysts expect Knight-Swift Transportation Holdings Inc (NYSE:KNX) to post sales of $1.38 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Knight-Swift Transportation’s earnings, with the lowest sales estimate coming in at $1.30 billion and the highest estimate coming in at $1.43 billion. Knight-Swift Transportation posted sales of $1.04 billion during the same quarter last year, which suggests a positive year over year growth rate of 32.7%. The business is expected to report its next earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Knight-Swift Transportation will report full year sales of $1.38 billion for the current year. For the next fiscal year, analysts forecast that the business will report sales of $5.54 billion per share, with estimates ranging from $5.25 billion to $5.78 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Knight-Swift Transportation.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.05). The firm had revenue of $521.61 million for the quarter, compared to the consensus estimate of $1.33 billion. Knight-Swift Transportation had a return on equity of 7.48% and a net margin of 2.44%. During the same quarter in the previous year, the company posted $0.34 EPS.

KNX has been the subject of a number of research analyst reports. BidaskClub upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Buckingham Research initiated coverage on Knight-Swift Transportation in a research report on Monday, August 21st. They set a “buy” rating and a $43.00 price target for the company. ValuEngine upgraded Knight-Swift Transportation from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Citigroup initiated coverage on Knight-Swift Transportation in a research report on Tuesday, September 19th. They set a “buy” rating and a $48.00 price target for the company. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Knight-Swift Transportation in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Knight-Swift Transportation presently has a consensus rating of “Buy” and an average price target of $41.13.

In other news, General Counsel Todd F. Carlson sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $39.24, for a total transaction of $353,160.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Garnreiter sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $38.50, for a total value of $96,250.00. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KNX. Bank of New York Mellon Corp boosted its holdings in Knight-Swift Transportation by 97.1% in the third quarter. Bank of New York Mellon Corp now owns 8,427,755 shares of the transportation company’s stock worth $350,174,000 after acquiring an additional 4,151,669 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Knight-Swift Transportation by 1,098.3% in the second quarter. Teachers Advisors LLC now owns 1,381,195 shares of the transportation company’s stock worth $51,173,000 after acquiring an additional 1,265,934 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Knight-Swift Transportation by 10,372.6% in the second quarter. Citadel Advisors LLC now owns 1,219,634 shares of the transportation company’s stock worth $45,187,000 after acquiring an additional 1,207,988 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Knight-Swift Transportation by 1,958.7% in the third quarter. Artemis Investment Management LLP now owns 1,152,833 shares of the transportation company’s stock worth $47,877,000 after acquiring an additional 1,096,835 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in Knight-Swift Transportation in the second quarter worth $30,414,000. Institutional investors own 78.44% of the company’s stock.

Shares of Knight-Swift Transportation (NYSE KNX) traded up $0.46 during midday trading on Thursday, reaching $43.11. The company’s stock had a trading volume of 1,423,016 shares, compared to its average volume of 1,740,495. Knight-Swift Transportation has a fifty-two week low of $26.68 and a fifty-two week high of $44.45. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14. The company has a market cap of $7,576.39, a P/E ratio of 31.93 and a beta of 2.03.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.56%. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 6.66%.

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About Knight-Swift Transportation

Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

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Earnings History and Estimates for Knight-Swift Transportation (NYSE:KNX)

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