Knight-Swift Transportation Holdings Inc (KNX) to Issue Quarterly Dividend of $0.06 on December 27th

Knight-Swift Transportation Holdings Inc (NYSE:KNX) declared a quarterly dividend on Thursday, November 7th, Zacks reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 0.06 per share by the transportation company on Friday, December 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Monday, December 2nd.

Shares of Knight-Swift Transportation stock opened at $36.99 on Friday. Knight-Swift Transportation has a 52 week low of $23.27 and a 52 week high of $39.37. The business’s fifty day simple moving average is $37.20 and its 200-day simple moving average is $34.35. The firm has a market cap of $6.42 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.94. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.23 billion. Knight-Swift Transportation had a return on equity of 7.99% and a net margin of 7.80%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. As a group, equities analysts expect that Knight-Swift Transportation will post 2.25 earnings per share for the current year.

In related news, Chairman Kevin P. Knight sold 121,496 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $38.40, for a total value of $4,665,446.40. Also, CAO Cary M. Flanagan sold 3,196 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $38.10, for a total value of $121,767.60. In the last 90 days, insiders have sold 129,034 shares of company stock worth $4,951,289. 27.50% of the stock is owned by company insiders.

Several research firms recently issued reports on KNX. Knight Equity began coverage on Knight-Swift Transportation in a report on Thursday, September 5th. They issued a “positive” rating and a $40.00 price objective on the stock. Credit Suisse Group set a $30.00 price objective on Knight-Swift Transportation and gave the company a “hold” rating in a report on Tuesday, October 15th. ValuEngine upgraded Knight-Swift Transportation from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Cowen set a $39.00 price objective on Knight-Swift Transportation and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, UBS Group upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $40.00 in a report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $40.09.

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.

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

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