Knight-Swift Transportation Holdings Inc (KNX) to Issue Quarterly Dividend of $0.06

Knight-Swift Transportation Holdings Inc (NYSE:KNX) declared a quarterly dividend on Friday, November 9th, RTT News reports. Investors of record on Monday, December 3rd will be paid a dividend of 0.06 per share by the transportation company on Thursday, December 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.72%.

Knight-Swift Transportation has decreased its dividend by an average of 15.7% per year over the last three years and has increased its dividend every year for the last 4 years. Knight-Swift Transportation has a payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Knight-Swift Transportation to earn $2.71 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.9%.

Shares of KNX opened at $33.48 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.43. The firm has a market capitalization of $5.98 billion, a P/E ratio of 24.26, a PEG ratio of 0.95 and a beta of 1.51. Knight-Swift Transportation has a twelve month low of $29.00 and a twelve month high of $51.94.

Knight-Swift Transportation (NYSE:KNX) last issued its earnings results on Wednesday, October 24th. The transportation company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Knight-Swift Transportation had a return on equity of 7.26% and a net margin of 13.47%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 158.2% on a year-over-year basis. Equities research analysts expect that Knight-Swift Transportation will post 2.35 EPS for the current year.

Several research analysts have commented on KNX shares. Zacks Investment Research lowered Knight-Swift Transportation from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. Barclays raised Knight-Swift Transportation from an “equal weight” rating to an “overweight” rating and set a $55.00 price objective on the stock in a research report on Monday, July 16th. UBS Group cut their price objective on Knight-Swift Transportation from $57.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. KeyCorp cut their price objective on Knight-Swift Transportation from $55.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, July 26th. Finally, Stifel Nicolaus cut their price objective on Knight-Swift Transportation from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $48.24.

WARNING: “Knight-Swift Transportation Holdings Inc (KNX) to Issue Quarterly Dividend of $0.06” was originally reported by WKRB News and is the sole property of of WKRB News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.wkrb13.com/2018/11/10/knight-swift-transportation-holdings-inc-knx-to-issue-quarterly-dividend-of-0-06.html.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides truckload transportation and logistics 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.

Featured Story: What is a stock buyback?

Dividend History for Knight-Swift Transportation (NYSE:KNX)

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.

Leave a Reply