10 Feb Q1 2020 Earnings Forecast for Knight-Swift Transportation H…
Knight-Swift Transportation Holdings Inc (NYSE:KNX) – Analysts at KeyCorp issued their Q1 2020 earnings per share (EPS) estimates for shares of Knight-Swift Transportation in a research note issued on Wednesday, January 29th, according to Zacks Investment Research. KeyCorp analyst T. Fowler expects that the transportation company will post earnings of $0.36 per share for the quarter. KeyCorp has a “Overweight” rating and a $44.00 price objective on the stock. KeyCorp also issued estimates for Knight-Swift Transportation’s Q2 2020 earnings at $0.46 EPS, Q3 2020 earnings at $0.49 EPS, Q4 2020 earnings at $0.70 EPS and FY2020 earnings at $2.00 EPS.
KNX has been the subject of a number of other reports. Bank of America decreased their price target on Knight-Swift Transportation from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Goldman Sachs Group assumed coverage on Knight-Swift Transportation in a research note on Thursday, December 5th. They issued a “buy” rating and a $45.00 price target for the company. Wolfe Research upgraded Knight-Swift Transportation from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, January 7th. Cowen decreased their price target on Knight-Swift Transportation from $39.00 to $37.00 and set a “market perform” rating for the company in a research note on Friday, December 20th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $40.00 price target on shares of Knight-Swift Transportation in a research note on Friday, December 20th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.50.
Shares of Knight-Swift Transportation stock opened at $38.05 on Monday. The company has a market capitalization of $6.49 billion, a PE ratio of 17.62, a P/E/G ratio of 1.23 and a beta of 1.82. Knight-Swift Transportation has a 1-year low of $27.03 and a 1-year high of $39.50. The business has a 50-day moving average of $36.88 and a 200-day moving average of $36.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.90 and a quick ratio of 1.29.
Knight-Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. Knight-Swift Transportation had a return on equity of 6.68% and a net margin of 6.38%. The company’s revenue was down 14.2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Knight-Swift Transportation by 2.7% in the second quarter. BlackRock Inc. now owns 12,280,414 shares of the transportation company’s stock worth $403,290,000 after acquiring an additional 319,842 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Knight-Swift Transportation by 0.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,490,440 shares of the transportation company’s stock worth $89,257,000 after acquiring an additional 19,190 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Knight-Swift Transportation in the third quarter worth about $51,927,000. Price T Rowe Associates Inc. MD lifted its holdings in Knight-Swift Transportation by 1.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 596,159 shares of the transportation company’s stock worth $19,578,000 after acquiring an additional 5,746 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Knight-Swift Transportation by 1.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 557,713 shares of the transportation company’s stock worth $19,988,000 after acquiring an additional 9,553 shares during the last quarter. 84.79% of the stock is currently owned by hedge funds and other institutional investors.
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 six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal.
Read More: How to execute a trade ex-dividend strategy?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Knight-Swift Transportation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Knight-Swift Transportation and related companies with MarketBeat.com’s FREE daily email newsletter.