Knight-Swift Transportation (NYSE:KNX – Get Free Report) announced its quarterly earnings results on Wednesday. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03), Briefing.com reports. Knight-Swift Transportation had a return on equity of 2.54% and a net margin of 1.50%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis.
Knight-Swift Transportation Stock Up 6.2 %
NYSE:KNX traded up $3.05 during mid-day trading on Thursday, reaching $52.03. The company’s stock had a trading volume of 6,392,298 shares, compared to its average volume of 2,125,525. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The stock has a fifty day moving average of $48.67 and a 200-day moving average of $52.16. The firm has a market capitalization of $8.41 billion, a PE ratio of 79.91, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25.
Knight-Swift Transportation Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 10th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, June 10th. Knight-Swift Transportation’s dividend payout ratio (DPR) is presently 95.52%.
Wall Street Analyst Weigh In
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About Knight-Swift Transportation
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.
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