Swift Transportation (KNX) Earning Somewhat Favorable Media Coverage, Analysis Finds
News stories about Swift Transportation (NYSE:KNX) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Swift Transportation earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 45.712644619317 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Insider Selling: Swift Transportation Company (KNX) General Counsel Sells 9,000 Shares of Stock (americanbankingnews.com)
- Blumenthal Nordrehaug & Bhowmik Sue Knight Transportation, Inc., Alleging The Company Violated The Employee Retirement Income Security Act (prweb.com)
- Swift Transportation Company (KNX) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Critical Comparison: Swift Transportation (KNX) & The Competition (americanbankingnews.com)
- Contrasting Swift Transportation (KNX) & Its Rivals (americanbankingnews.com)
A number of research analysts have issued reports on the stock. Barclays PLC increased their target price on shares of Swift Transportation from $33.00 to $37.00 and gave the stock an “underweight” rating in a research report on Monday, October 2nd. ValuEngine raised shares of Swift Transportation from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. BidaskClub downgraded shares of Swift Transportation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Swift Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Finally, Citigroup Inc. initiated coverage on shares of Swift Transportation in a research note on Tuesday, September 19th. They issued a “buy” rating and a $48.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.13.
Shares of Swift Transportation (NYSE:KNX) traded up $0.16 during midday trading on Tuesday, reaching $39.10. 1,851,500 shares of the company’s stock traded hands, compared to its average volume of 1,733,948. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.32. Swift Transportation has a 1 year low of $26.68 and a 1 year high of $44.45. The firm has a market cap of $6,960.00, a PE ratio of 29.20 and a beta of 0.92.
Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Monday, November 6th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). Swift Transportation had a net margin of 2.44% and a return on equity of 7.48%. The business had revenue of $521.61 million during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company posted $0.34 earnings per share. analysts expect that Swift Transportation will post 1.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Friday, December 1st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, November 30th.
In other news, General Counsel Todd F. Carlson sold 9,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Garnreiter sold 2,500 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $38.50, for a total transaction of $96,250.00. The disclosure for this sale can be found here. Corporate insiders own 44.90% of the company’s stock.
About 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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