Knight-Swift Transportation (NYSE:KNX) issued an update on its FY21 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.45-3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.39.

A number of equities research analysts have issued reports on KNX shares. UBS Group reissued a neutral rating and issued a $49.00 target price (up from $47.00) on shares of Knight-Swift Transportation in a report on Wednesday, March 17th. KeyCorp boosted their price target on Knight-Swift Transportation from $52.00 to $58.00 and gave the stock an overweight rating in a research note on Thursday, April 15th. Knight Equity upgraded Knight-Swift Transportation from a neutral rating to a buy rating and upped their target price for the company from $46.00 to $52.00 in a research report on Thursday, March 4th. Cowen upped their target price on Knight-Swift Transportation from $47.00 to $52.00 and gave the company a market perform rating in a research report on Thursday, January 28th. Finally, Zacks Investment Research raised Knight-Swift Transportation from a hold rating to a buy rating and set a $52.00 price target for the company in a report on Tuesday, April 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $50.70.

KNX stock opened at $49.27 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $8.16 billion, a P/E ratio of 25.27, a P/E/G ratio of 0.87 and a beta of 1.19. The business’s 50-day moving average is $47.26 and its two-hundred day moving average is $42.98. Knight-Swift Transportation has a 1 year low of $34.58 and a 1 year high of $50.63.

Knight-Swift Transportation (NYSE:KNX) last released its quarterly earnings results on Wednesday, January 27th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. Knight-Swift Transportation had a return on equity of 6.97% and a net margin of 7.30%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts expect that Knight-Swift Transportation will post 2.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 28th. Shareholders of record on Friday, June 4th will be paid a $0.10 dividend. This is an increase from Knight-Swift Transportation’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, June 3rd. Knight-Swift Transportation’s dividend payout ratio (DPR) is 14.75%.

In other news, Chairman Kevin P. Knight sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 6th. The stock was sold at an average price of $50.00, for a total value of $2,500,000.00. Following the completion of the transaction, the chairman now directly owns 5,509 shares of the company’s stock, valued at $275,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Kevin P. Knight sold 49,600 shares of the business’s stock in a transaction on Friday, April 9th. The stock was sold at an average price of $50.06, for a total value of $2,482,976.00. Following the completion of the transaction, the chairman now directly owns 5,509 shares of the company’s stock, valued at $275,780.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 199,600 shares of company stock worth $9,882,976. Company insiders own 27.50% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

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