Stock Monitor: Echo Global Logistics Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 12, 2018 / Active-Investors.com has just released a free earnings report on Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KNX. The Company posted its financial results on January 30, 2018, for the fourth quarter fiscal 2017 (Q4 FY17) and for the full year fiscal 2017 (FY17). The Phoenix, Arizona-based Company's quarterly non-GAAP EPS grew on a y-o-y basis, as it reported the first full quarter operating results poster merger of Knight Transportation and Swift Transportation. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Echo Global Logistics, Inc. (NASDAQ: ECHO), which also belongs to the Services sector as the Company Knight-Swift Transportation Holdings. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Knight-Swift Transportation Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
During Q4 FY17, Knight-Swift reported total revenues of $1.36 billion versus $289.10 million in Q4 FY16. The Company's quarterly total revenue numbers met Wall Street's expectations of $1.36 billion.
The transportation Company's net income attributable to common shareholders increased to $447.56 million, or $2.50 per diluted common share, during Q4 FY17 from $22.16 million, or $0.27 per diluted common share, in the prior year's same quarter. The Company reported an adjusted net income attributable to common shareholders of $94.00 million, or $0.52 per share, in Q4 FY17 compared to $23.67 million, or $0.29 per share, in Q4 FY16; beating market analysts' expectations of $0.40 per diluted share.
In the full year FY17, the Company reported total revenues of $2.43 billion compared to $1.12 billion in FY16. The Company's adjusted net income increased to $154.57 million, or $1.38 per diluted common share, during FY17 from $95.37 million, or $1.17 per diluted common share, in FY16.
For Q4 FY17, the trucking Company incurred total operating expenses of $1.22 billion compared to $254.36 million in Q4 FY16. The Company's adjusted operating income came in at $156.12 million versus $37.19 million in the year ago comparable period. In Q4 FY17, the Company's adjusted operating margin was 87.2% of total revenues, up from 85.9% of total revenues in Q4 FY16.
During the quarter ended December 31, 2017, the Knight Transportation segment's revenues came in at $215.43 million compared to $202.75 million in the year ago corresponding period. The segment reported an adjusted operating income of $39.60 million in Q4 FY17 versus $33.03 million in Q4 FY16. The segment's adjusted operating ratio for Q4 FY17 was 81.6% compared to 83.7% in Q4 FY16.
The Knight Logistics segment generated revenues of $65.90 million in Q4 FY17, which came in 6.8% above the $61.72 million of the last year's same quarter. The segment's adjusted operating income stood at $3.92 million, or 94.0% of segment revenues, for Q4 FY17 compared to $4.15 million, or 93.3% of segment revenues, in Q4 FY16.
The Swift Truckload segment posted an adjusted operating income of $66.96 million, or 84.6% of segment revenues, in Q4 FY17. The Swift Dedicated segment posted revenues of $144.64 million in Q4 FY17 and its adjusted operating income stood at $19.46 million, or 86.5% of segment revenues.
The Swift Refrigerated segment's revenues stood at $186.60 million for the reported quarter while its adjusted operating income stood at $13.20 million, or 92.9% of segment revenues. Furthermore, the Swift Intermodal segment's revenues came in at $91.86 million for Q4 FY17, with an adjusted operating income of $4.58 million, or 95.0% of segment revenues.
Cash Flow and Balance Sheet
In the year ended December 31, 2017, Knight-Swift generated $318.57 million of cash from operations versus $243.35 million in the previous year's comparable quarter. The Company had $76.65 million of cash and cash equivalents as on December 31, 2017, up from $8.02 million at the close of books on December 31, 2016. Furthermore, the Company's long-term debt stood at $364.77 million as on December 31, 2017.
In a separate press release on February 01, 2018, Knight-Swift's Board of Directors declared a quarterly cash dividend of $0.06 per share of common stock, payable to shareholders of record as on March 01, 2018, and is expected to be paid on March 27, 2018.
Stock Performance Snapshot
February 09, 2018 - At Friday's closing bell, Knight-Swift Transportation Holdings' stock slightly dropped 0.21%, ending the trading session at $47.26.
Volume traded for the day: 1.72 million shares.
Stock performance in the last month – up 6.44%; previous three-month period – up 21.46%; past twelve-month period – up 49.90%; and year-to-date – up 8.10%
After last Friday's close, Knight-Swift Transportation Holdings' market cap was at $8.43 billion.
Price to Earnings (P/E) ratio was at 16.43.
The stock has a dividend yield of 0.51%.
The stock is part of the Services sector, categorized under the Trucking industry. This sector was up 0.5% at the end of the session.
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