Knight-Swift Transportation Holdings Inc. (KNX) To Go Ex-Dividend on March 7th

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) declared a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Investors of record on Friday, March 7th will be given a dividend of 0.18 per share by the transportation company on Tuesday, March 25th. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Knight-Swift Transportation’s previous quarterly dividend of $0.16.

Knight-Swift Transportation has increased its dividend by an average of 19.0% per year over the last three years. Knight-Swift Transportation has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Knight-Swift Transportation to earn $3.50 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 20.6%.

Knight-Swift Transportation Trading Down 1.3 %

Shares of NYSE:KNX opened at $48.48 on Wednesday. The business has a 50-day moving average price of $54.10 and a 200-day moving average price of $53.96. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 65.94 and a beta of 0.99. Knight-Swift Transportation has a 52-week low of $45.55 and a 52-week high of $61.51. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.30.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. Equities analysts predict that Knight-Swift Transportation will post 2.13 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KNX shares. The Goldman Sachs Group boosted their price objective on Knight-Swift Transportation from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Bank of America raised their price objective on shares of Knight-Swift Transportation from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. TD Cowen boosted their target price on shares of Knight-Swift Transportation from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Barclays raised their price target on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Knight-Swift Transportation from a “sell” rating to a “hold” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.59.

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.