|Bid||35.86 x 900|
|Ask||36.62 x 1100|
|Day's Range||36.53 - 37.03|
|52 Week Range||23.27 - 39.26|
|Beta (3Y Monthly)||2.13|
|PE Ratio (TTM)||14.98|
|Earnings Date||Oct 23, 2019|
|Forward Dividend & Yield||0.24 (0.65%)|
|1y Target Est||41.88|
A 39.36 buy point is approaching for Knight-Swift Transportation. Trucking has been breaking a long-term downtrend lately with the group moving from 158 to 37 in the last two months
Knight-Swift (KNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is Knight-Swift Transportation Holdings Inc. (NYSE:KNX) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market […]
In a pre-market open, October 15 press release, Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) announced that it wouldn't be able to achieve its previously issued earnings guidance for both the third and fourth quarters of 2019. Knight-Swift said that it now expects adjusted earnings per share (EPS) in the range of $0.47 to $0.48 in the third quarter of 2019 (prior guidance called for $0.54 to $0.57) and $0.62 to $0.65 in adjusted EPS in the fourth quarter of 2019 (prior guidance was $0.73 to $0.77). Equity analysts have been lowering estimates over the last couple of weeks heading into earnings season.
Shares of Knight-Swift Transportation Holdings Inc. dropped 2.2% in premarket trading Tuesday, after the trucking company cuts its profit guidance for the rest of year, citing the effects of increased competition. The company lowered its third-quarter adjusted earnings-per-share guidance range to 47 cents to 48 cents from 54 cents to 57 cents, compared with the FactSet consensus of 53 cents. For the fourth quarter, EPS guidance was lowered to 62 cents to 65 cents from 73 cents to 77 cents, compared with the FactSet consensus of 71 cents. The company said the increased competition led to an "unexpected reductions" in volume and revenue per load, and greater than expected pressure on freight rates, primarily because of an oversupply of truckload capacity. "We continue to expect a seasonal improvement in demand during the fourth quarter of 2019, however, less robust than originally projected," the company said in a statement. Knight-Swift expects "a more favorable freight environment" in the second half of 2020. The stock has gained 6.7% over the past three months through Monday, while the Dow Jones Transportation Average has lost 3.3% and the Dow Jones Industrial Average has declined 2.1%.
Based on preliminary results, the company now expects the Adjusted EPS(1) for the third quarter of 2019 will range from $0.47 to $0.48 (which is an update from the previously-announced expectation of $0.54 to $0.57). The company now expects the Adjusted EPS(1) for the fourth quarter of 2019 will range from $0.62 to $0.65 (which is an update from the previously announced expectation of $0.73 to $0.77). The updates to the expected Adjusted EPS ranges for the third and the fourth quarter of 2019 are a result of increased competition within the intermodal market, leading to unexpected reductions in volume and revenue per load, and greater than expected pressure on freight rates, primarily due to an oversupply of truckload capacity.
In a couple of different notes out to clients on October 11, UBS equity analyst Thomas Wadewitz upgraded his rating to "buy" on truckload (TL) carriers Knight-Swift Transportation Holdings Inc. (NYSE: KNX) and Schneider National, Inc. (NYSE: SNDR). Additionally, Wadewitz raised his price target on "neutral" rated Werner Enterprises, Inc. (NASDAQ: WERN). As earnings forecasts for the TLs move lower, valuation multiples are rebounding from recent lows and stock prices are moving higher.
Knight-Swift Transportation Holdings Inc. expects to release its 2019 third quarter earnings on Wednesday, October 23, 2019 prior to the market open by filing a Form 8-K with the SEC.
IBD Stock Of The Day: Saia earnings are rising due to a Northeast expansion and higher pricing for the less-than-truckload carrier. Saia stock is just above a buy zone.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Freight brokers said in interviews this week that sustained higher volumes are now making an impact on their businesses as revenue per load and margin per load increase. While spot rates have not come up appreciably, the time to cover a load has grown longer incrementally. William Kerr, president of Chicago-based Edge Logistics, said that at the market's loosest point earlier in the summer, it took his brokers an average of only nine minutes to cover a load, but now his build-to-cover times have stretched to approximately 15 to 17 minutes.
If you're judging transportation stocks based on the most famous member, Uber Technologies, you're getting left at the station.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
The bulls are coming out in support of truckload (TL) carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren't getting materially worse, and attractive valuation multiples to become more positive on the stocks. Seaport Global stock analyst Kevin Sterling upgraded Heartland Express (NASDAQ: HTLD) to a buy on Sept. 5 following the company's acquisition of Millis Transfer.
The Washington State Supreme Court issued a decision September 5stating that trucking companies are not obligated to pay drivers separately for "non-piece rate" activities. In the case of Sampson v. Knight Transportation, the court rejected the plaintiffs' argument that the Washington minimum wage law requires employers to pay separately for time spent on non-piece rate activities, which the plaintiffs had argued were any non-driving activities.
Freight brokers told us that disaster relief freight – mostly truckloads of bottled water at this point – is already being tendered as of Wednesday evening, August 28. Meteorologists now say that Hurricane Dorian, which has just slipped past Puerto Rico as a Category 1 storm, could make landfall in Florida as a Category 3 storm, packing winds exceeding 111 mph. Florida's Governor DeSantis has already declared a state of emergency in order to give local governments and emergency agencies the authority and resources they need to prepare for a disaster. A broker at Covenant Solutions, a division of publicly traded expedited carrier Covenant Transportation (NASDAQ: CVTI), confirmed that his shop is also seeing a surge of water loads into Florida.
Knight-Swift (KNX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Knight-Swift Transportation Holdings Inc (NYSE: KNX ) is a good choice for investors seeking truckload exposure, given the compelling stock valuation and the company’s focus on operational improvement ...
Two weeks after receiving long-term financing, Celadon Group (OTCPink: CGIP) named Richard Stocking, the former chief executive officer of Swift Transportation, as the head of its trucking unit. The Indianapolis-based truckload (TL) carrier announced that it has entered a consulting agreement with DPX Consulting LLC. The consulting firm will provide "broad-based management services," essentially running Celadon Trucking Services, Inc. Notably, Stocking will oversee the trucking unit's operations, serving as the Chief Transformation Officer of Celadon Trucking Services.
A federal jury ordered Swift Transportation to pay its trucking rival more than $15 million for allegedly poaching drivers who were under contract to CRST Expedited, which is based in Cedar Rapids, Iowa. According to court documents filed in U.S. District Court in Iowa in March 2017, CRST claims Swift purposely recruited and hired drivers who had completed CRST's driver training program to obtain their commercial driver's licenses (CDLs), but were still contractually obligated to work for the motor carrier for 10 months. In the suit, CRST identified more than 250 drivers who had signed 10-month employment contracts with the carrier that were later recruited by Swift.