|Bid||33.60 x 800|
|Ask||0.00 x 1300|
|Day's Range||34.55 - 35.31|
|52 Week Range||23.27 - 39.26|
|Beta (3Y Monthly)||2.12|
|PE Ratio (TTM)||14.31|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||0.24 (0.69%)|
|1y Target Est||42.25|
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. announced today that David Jackson, President and Chief Executive Officer, and Adam Miller, Chief Financial Officer, are sched
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.
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.
Soft freight demand resulting in lower trucking revenues affect Knight-Swift (KNX) Q2 results. However, the company's cost control measures partly offset the adversity.
On July 17, North America's largest truckload (TL) transportation company issued a press release lowering its earnings expectations, citing an oversupply of capacity in the TL freight market, which is creating a drag on revenue per loaded mile (excluding fuel surcharge). TL adjusted operating income improved 1 percent year-over-year to $128.3 million as KNX's adjusted operating ratio (OR) improved 70 basis points year-over-year to 85.8 percent.
Knight-Swift (KNX) delivered earnings and revenue surprises of 1.75% and -1.80%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
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.
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.
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