Zacks Research Issues Pessimistic Estimate for KNX Earnings

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) – Analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Knight-Swift Transportation in a report issued on Wednesday, November 6th. Zacks Research analyst S. Goswami now expects that the transportation company will post earnings of $1.04 per share for the year, down from their previous estimate of $1.07. The consensus estimate for Knight-Swift Transportation’s current full-year earnings is $1.05 per share. Zacks Research also issued estimates for Knight-Swift Transportation’s Q4 2024 earnings at $0.34 EPS, Q1 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.64 EPS, FY2025 earnings at $2.03 EPS, Q2 2026 earnings at $0.71 EPS and FY2026 earnings at $3.10 EPS.

KNX has been the topic of a number of other reports. Evercore ISI upped their price target on shares of Knight-Swift Transportation from $49.00 to $52.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Barclays upped their target price on Knight-Swift Transportation from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Citigroup began coverage on Knight-Swift Transportation in a research note on Wednesday, October 9th. They set a “neutral” rating and a $55.00 price target for the company. TD Cowen boosted their price target on Knight-Swift Transportation from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Susquehanna raised their price objective on shares of Knight-Swift Transportation from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Knight-Swift Transportation has an average rating of “Moderate Buy” and an average price target of $55.94.

Knight-Swift Transportation Stock Down 1.2 %

Knight-Swift Transportation stock opened at $58.88 on Monday. Knight-Swift Transportation has a twelve month low of $45.55 and a twelve month high of $60.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $9.53 billion, a PE ratio of 259.14, a P/E/G ratio of 2.17 and a beta of 0.93. The firm’s 50 day moving average price is $52.57 and its two-hundred day moving average price is $50.71.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS.

Insiders Place Their Bets

In other news, Director Robert E. Synowicki, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $53.32, for a total value of $133,300.00. Following the sale, the director now directly owns 21,833 shares of the company’s stock, valued at approximately $1,164,135.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Knight-Swift Transportation

Several hedge funds have recently modified their holdings of the business. Nuance Investments LLC raised its stake in Knight-Swift Transportation by 74.5% during the 3rd quarter. Nuance Investments LLC now owns 929,083 shares of the transportation company’s stock valued at $50,124,000 after purchasing an additional 396,607 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Knight-Swift Transportation during the 3rd quarter worth about $3,729,000. Aviance Capital Partners LLC raised its position in shares of Knight-Swift Transportation by 7.1% during the third quarter. Aviance Capital Partners LLC now owns 100,740 shares of the transportation company’s stock valued at $5,435,000 after buying an additional 6,668 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Knight-Swift Transportation in the third quarter valued at about $88,000. Finally, Swiss National Bank grew its position in Knight-Swift Transportation by 0.7% during the third quarter. Swiss National Bank now owns 479,696 shares of the transportation company’s stock worth $25,880,000 after buying an additional 3,100 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

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.