Knight Transportation, Inc. (NYSE:KNX) – KeyCorp raised their Q2 2017 earnings per share estimates for shares of Knight Transportation in a research note issued to investors on Thursday. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings of $0.27 per share for the quarter, up from their previous forecast of $0.25.

Knight Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.18 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.18. The firm had revenue of $271.18 million during the quarter, compared to analyst estimates of $276.27 million. Knight Transportation had a return on equity of 11.16% and a net margin of 7.61%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share.

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Several other research analysts also recently weighed in on KNX. UBS AG upgraded shares of Knight Transportation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.00 to $43.00 in a research report on Monday, April 24th. BidaskClub downgraded shares of Knight Transportation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Knight Transportation from a “sell” rating to a “hold” rating and set a $41.00 price target for the company in a research report on Wednesday, July 5th. Bank of America Corporation restated a “buy” rating and set a $43.00 price target (up previously from $41.00) on shares of Knight Transportation in a research report on Monday, July 10th. Finally, Stifel Nicolaus restated a “hold” rating and set a $27.00 price target on shares of Knight Transportation in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Knight Transportation has an average rating of “Buy” and an average target price of $37.06.

Knight Transportation (NYSE:KNX) opened at 35.85 on Monday. The stock’s 50 day moving average price is $34.46 and its 200-day moving average price is $33.41. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 33.82 and a beta of 0.87. Knight Transportation has a 12 month low of $26.85 and a 12 month high of $38.80.

Hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan boosted its stake in Knight Transportation by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,180 shares of the transportation company’s stock valued at $476,000 after buying an additional 150 shares during the period. State of Alaska Department of Revenue boosted its stake in Knight Transportation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 7,360 shares of the transportation company’s stock valued at $230,000 after buying an additional 170 shares during the period. Flinton Capital Management LLC boosted its stake in Knight Transportation by 0.3% in the first quarter. Flinton Capital Management LLC now owns 128,080 shares of the transportation company’s stock valued at $4,015,000 after buying an additional 368 shares during the period. Granite Investment Partners LLC boosted its stake in Knight Transportation by 1.6% in the first quarter. Granite Investment Partners LLC now owns 23,659 shares of the transportation company’s stock valued at $742,000 after buying an additional 369 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Knight Transportation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 27,200 shares of the transportation company’s stock valued at $853,000 after buying an additional 500 shares during the period. 88.44% of the stock is owned by institutional investors and hedge funds.

In other news, VP James E. Jr. Updike sold 2,800 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $35.75, for a total value of $100,100.00. Following the completion of the sale, the vice president now owns 16,096 shares of the company’s stock, valued at approximately $575,432. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Kevin Quast sold 3,469 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $31.71, for a total transaction of $110,001.99. Following the completion of the sale, the chief operating officer now directly owns 63,497 shares of the company’s stock, valued at approximately $2,013,489.87. The disclosure for this sale can be found here. In the last three months, insiders sold 48,844 shares of company stock valued at $1,626,502. Corporate insiders own 9.90% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 2nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.24 annualized dividend and a dividend yield of 0.67%. Knight Transportation’s dividend payout ratio (DPR) is 22.86%.

Knight Transportation Company Profile

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.

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

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