Knight-Swift Transportation (NYSE:KNX) Releases Q4 2024 Earnings Guidance

Knight-Swift Transportation (NYSE:KNX) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.320-0.360 for the period. The company issued revenue guidance of -. Knight-Swift Transportation also updated its Q3 guidance to $0.32-0.36 EPS.

Knight-Swift Transportation Stock Down 0.6 %

KNX stock traded down $0.32 during midday trading on Friday, reaching $51.73. The company had a trading volume of 1,783,132 shares, compared to its average volume of 2,123,130. The company has a 50 day moving average of $48.70 and a two-hundred day moving average of $52.16. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a market capitalization of $8.36 billion, a P/E ratio of 77.94, a PEG ratio of 1.31 and a beta of 0.94.

Knight-Swift Transportation (NYSE:KNX) last posted its earnings results on Wednesday, July 24th. The transportation company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Knight-Swift Transportation had a return on equity of 1.98% and a net margin of 0.88%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. On average, equities research analysts expect that Knight-Swift Transportation will post 1.21 earnings per share for the current fiscal year.

Knight-Swift Transportation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 10th were given a dividend of $0.16 per share. The ex-dividend date was Monday, June 10th. This represents a $0.64 dividend on an annualized basis and a yield of 1.24%. Knight-Swift Transportation’s payout ratio is currently 95.52%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Knight-Swift Transportation from $64.00 to $60.00 and set an outperform rating for the company in a report on Thursday, April 25th. TD Cowen lifted their price target on Knight-Swift Transportation from $47.00 to $57.00 and gave the stock a buy rating in a research report on Thursday. Susquehanna reduced their price objective on Knight-Swift Transportation from $59.00 to $50.00 and set a neutral rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus lowered shares of Knight-Swift Transportation from a buy rating to a hold rating and dropped their target price for the stock from $53.00 to $47.00 in a research report on Friday, April 26th. Finally, Barclays cut their price target on Knight-Swift Transportation from $62.00 to $57.00 and set an overweight rating for the company in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $56.79.

Knight-Swift Transportation Company Profile

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.