|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||35.91 - 37.28|
|52 Week Range||23.27 - 39.12|
|Beta (3Y Monthly)||2.16|
|PE Ratio (TTM)||14.89|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||0.24 (0.67%)|
|1y Target Est||40.20|
BENSALEM, Pa., July 18, 2019 -- Law Offices of Howard G. Smith announces an investigation on behalf of Knight-Swift Transportation Holdings Inc. (“Knight-Swift” or the.
LOS ANGELES, July 18, 2019 -- Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Knight-Swift Transportation Holdings Inc. (“Knight-Swift” or the.
Add Covenant Transportation Group (NASDAQ: CVTI) to the group of truckload (TL) carriers that won't be able to meet analyst expectations for the second quarter of 2019. Earlier today (July 17, 2019), Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) modestly lowered its earnings outlook for both the second and third quarters of 2019 and provided a fourth quarter 2019 guidance range that was in-line with analyst estimates. Last week it was a different Chattanooga-based TL carrier U.S. Xpress (NYSE: USX) that said it failed to meet its previous operating ratio (operating expenses as a percentage of revenue) target laid out in its initial public offering roadshow and later reiterated on its first quarter 2019 earnings call.
A day after truckload (TL) carriers' stocks rallied on the not-as-bad-as-expected earnings report from J.B. Hunt (NASDAQ: JBHT), Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) negatively pre-announced its earnings expectations. In a press release, KNX said that it now expects second quarter 2019 adjusted earnings per share to be in the range of $0.57 to $0.58, lower than the previous guidance range of $0.62 to $0.64 and the consensus estimate of $0.61. Additionally, third quarter 2019 earnings per share guidance was lowered to a range of $0.54 to $0.57, down from the previous guidance range of $0.62 to $0.66 and lower than the consensus estimate of $0.62.
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.
Based on preliminary results, the company now expects the Adjusted EPS(1) for the second quarter of 2019 will range from $0.57 to $0.58 (which is an update from the previously-announced expectation of $0.62 to $0.64). The company expects the Adjusted EPS(1) for the fourth quarter of 2019 will range from $0.73 to $0.77. The updates to the expected Adjusted EPS ranges for the second and the third quarter of 2019 are primarily a result of the oversupply of capacity in the truckload freight market that resulted in greater than expected downward pressure on revenue per loaded mile, excluding fuel surcharge.
After trading ended on Wednesday afternoon (July 10), Deutsche Bank transports equities analyst Amit Mehrotra issued several investor notes reflecting his updated expectations for second quarter earnings. Mehrotra was pessimistic about intermodal growth and returns and Hunt's ongoing discussions with railroad BNSF, with which it has a long-standing and frequently litigated business relationship. Like many Wall Street analysts, Mehrotra was cheered by Knight-Swift (NYSE: KNX) management's ability to digest Swift after the mega-merger and wring impressive returns – including a sub-80 percent operating ratio – from its assets.
Knight-Swift Transportation Holdings Inc. expects to release its 2019 second quarter earnings on Wednesday, July 24, 2019 prior to the market open by filing a Form 8-K with the SEC.
Merrill Lynch (BofAML) released the 181st edition of its Truckload Diffusion Indicator, a survey that aggregates and analyzes shipper sentiment toward truckload markets. Shippers believe that trucking rates are nearing their bottom. In the current survey, 33 percent of shippers said they expect rates to continue falling, down from 53 percent two weeks ago.
Is Knight-Swift Transportation Holdings Inc. (NYSE:KNX) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock […]
Knight-Swift Transportation Holdings Inc NYSE:KNXView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is high * Economic output in this company's sector is contracting Bearish sentimentShort interest | NegativeShort interest is extremely high for KNX with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting KNX. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding KNX totaled $117 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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. announced today that David Jackson, President and Chief Executive Officer, and Adam Miller, Chief Financial Officer, are sched
Knight-Swift Transportation Holdings Inc. (KNX) announced today that its Board of Directors has declared the company’s quarterly cash dividend of $0.06 per share of common stock. This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company’s financial performance.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he is not a trucker fan and he wants to stay away from Knight-Swift Transportation Holdings Inc (NYSE: KNX ). Cramer prefers Barrick Gold ...
The largest truckload (TL) transportation company in North America, Knight-Swift Transportation Holdings, Inc. (NYSE: KNX), reported adjusted earnings per share (EPS) that were ahead of analysts' expectations by $0.03 per share. The company doesn't host an earnings call with investors, but FreightWaves was able to speak with David A. Jackson, Knight-Swift Transportation's President and Chief Executive Officer. When asked about the outlook for the market moving forward, Jackson noted that the overall freight market is very healthy.
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable […]
Investors and analysts will be looking for information from Boeing on software updates for the 737 MAX, as well as any additional information on the crashes. Due to the worldwide grounding of the aircraft as well as halted deliveries, Boeing's commercial aircraft revenue is expected to fall 7.5 percent to $12 billion. Boeing said it would take an initial hit of more than $1 billion on the global grounding of the 737 MAX jetliner following two fatal crashes.
Knight-Swift Transportation Holdings, Inc. (NYSE: KNX ) reported first quarter 2019 adjusted earnings of $0.55 per share compared to analysts' expectations of $0.52 per share. Adjusted earnings per share ...
On a per-share basis, the Phoenix-based company said it had profit of 51 cents. Earnings, adjusted for non-recurring costs, came to 55 cents per share. The results beat Wall Street expectations. The average ...