Knight-Swift Transportation Holdings Inc. (NYSE:KNX) to Post Q4 2022 Earnings of $1.35 Per Share, KeyCorp Forecasts

Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Get Rating) – Analysts at KeyCorp elevated their Q4 2022 earnings estimates for Knight-Swift Transportation in a investigate note issued to traders on Wednesday, July 20th. KeyCorp analyst T. Fowler now expects that the transportation enterprise will generate $1.35 for each share for the quarter, up from their prior estimate of $1.34. The consensus estimate for Knight-Swift Transportation’s current comprehensive-calendar year earnings is $5.39 for each share.

Knight-Swift Transportation (NYSE:KNX – Get Rating) past posted its quarterly earnings facts on Wednesday, July 20th. The transportation company described $1.41 EPS for the quarter, beating the consensus estimate of $1.35 by $.06. Knight-Swift Transportation experienced a return on equity of 14.44% and a net margin of 12.26%. The company had income of $1.96 billion in the course of the quarter, as opposed to the consensus estimate of $1.85 billion. Through the exact same interval in the prior year, the business enterprise attained $.98 EPS. The firm’s profits was up 49.1% as opposed to the exact same quarter very last 12 months.

A variety of other brokerages have also weighed in on KNX. Wolfe Investigate elevated Knight-Swift Transportation from an “underperform” score to a “peer perform” ranking in a report on Tuesday, July 12th. Wells Fargo & Firm dropped their selling price goal on Knight-Swift Transportation from $62.00 to $58.00 and established an “overweight” rating on the inventory in a report on Friday, July 15th. Credit Suisse Team diminished their target value on Knight-Swift Transportation to $66.00 in a report on Friday. Susquehanna Bancshares upped their price tag goal on shares of Knight-Swift Transportation from $64.00 to $65.00 and gave the inventory a “positive” ranking in a research take note on Thursday. Ultimately, Raymond James elevated their price tag goal on shares of Knight-Swift Transportation from $50.00 to $53.00 in a investigate notice on Monday, April 25th. Just one analysis analyst has rated the stock with a provide score, three have issued a maintain rating and fifteen have issued a purchase ranking to the company’s stock. In accordance to details from MarketBeat.com, Knight-Swift Transportation at present has a consensus rating of “Moderate Buy” and an normal target selling price of $60.94.

Knight-Swift Transportation Inventory Performance

Shares of KNX opened at $51.17 on Monday. The inventory has a current market capitalization of $8.37 billion, a P/E ratio of 9.56, a P/E/G ratio of .63 and a beta of 1.19. The company’s fifty day relocating typical is $47.42 and its two-hundred day shifting normal is $50.66. The business has a debt-to-fairness ratio of .22, a rapid ratio of 1.26 and a present-day ratio of 1.33. Knight-Swift Transportation has a 1 yr minimal of $42.50 and a 1 year higher of $62.29.

Knight-Swift Transportation Announces Dividend

The small business also recently disclosed a quarterly dividend, which was compensated on Monday, June 27th. Investors of document on Friday, June 10th ended up offered a dividend of $.12 for every share. This signifies a $.48 dividend on an annualized foundation and a generate of .94%. The ex-dividend date was Thursday, June 9th. Knight-Swift Transportation’s dividend payout ratio is presently 8.97%.

Institutional Investors Weigh In On Knight-Swift Transportation

A amount of hedge cash and other institutional traders have not too long ago modified their holdings of the corporation. Steward Fiscal Group LLC purchased a new stake in Knight-Swift Transportation in the 1st quarter truly worth approximately $26,000. Parkside Money Lender & Rely on grew its placement in shares of Knight-Swift Transportation by 336.% in the fourth quarter. Parkside Economic Financial institution & Believe in now owns 436 shares of the transportation company’s stock valued at $27,000 following buying an added 336 shares in the course of the time period. Geneos Wealth Administration Inc. obtained a new placement in Knight-Swift Transportation in the 2nd quarter valued at $28,000. TCI Wealth Advisors Inc. lifted its position in Knight-Swift Transportation by 263.9% through the initially quarter. TCI Wealth Advisors Inc. now owns 655 shares of the transportation company’s stock well worth $33,000 soon after shopping for an additional 475 shares during the period of time. Eventually, Quent Funds LLC acquired a new stake in Knight-Swift Transportation in the 4th quarter value about $36,000. 86.20% of the inventory is at the moment owned by hedge resources and other institutional buyers.

Knight-Swift Transportation Company Profile

(Get Ranking)

Knight-Swift Transportation Holdings Inc, alongside one another with its subsidiaries, delivers truckload transportation companies in the United States, Mexico, and Canada. The firm operates as a result of 4 segments: Trucking, Logistics, Fewer-than-truckload (LTL), and Intermodal. Its trucking solutions include things like irregular route, focused, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of many solutions, products, and components.

Featured Posts

Want Far more Wonderful Investing Thoughts?

Get News & Rankings for Knight-Swift Transportation Daily – Enter your electronic mail deal with down below to get a concise day by day summary of the most current news and analysts’ ratings for Knight-Swift Transportation and relevant providers with MarketBeat.com’s Free each day e-mail publication.