According to Zacks Investment Research, analysts anticipate that for the current fiscal quarter, Knight-Swift Transportation Holdings Inc (NYSE:KNX) will declare $0.59 and their earnings per share. The earnings of the company have been estimated by four analysts. The estimated highest EPS is $0.66 and the lowest is $0.54. For the same quarter, the previous year, Knight-Swift Transportation Holdings Inc reported $0.48 as EPS that indicates a 22.95% positive year-over-year growth rate. The company is all set to issue its report on the next quarterly earnings on Wednesday, 21st October.
Knight-Swift Transportation (NYSE:KNX)- Analysts’ Report
As per analysts, Knight-Swift Transportation (NYSE:KNX) should report earnings per share of $2.24. The EPS is expected to range between $2.15 and $2.40. For the upcoming year, it is estimated that the firm will report $2.63 as earnings per share. The estimated EPS range is between $2.37 and $3.09. The calculations by Zacks are based on reports and surveys by research analysts that observe Knight-Swift Transportation.
On Wednesday, 22nd July, Knight-Swift Transportation (NYSE:KNX) announced its results of quarterly earnings. For the quarter, the firm registered an EPS of $0.57. The analysts estimated the EPS to range between $0.35 and $0.22. The revenue raised by the company for the quarter is $1.06 billion. $1.08 was the estimation by analysts. The net margin of the transportation company is 6.28% and 6.14% is the return on equity.
Knight-Swift Transportation (NYSE:KNX)- Price Targets, Ratings
Several reports were received by the company from various analysts. KCG Holdings, Inc. Class A raised the price target on the transportation company from $56.00 to $60.00. It also issued a ‘positive’ rating via a research note on Thursday, 23rd July. On Thursday, 18th June, the price targets on Knight-Swift Transportation (NYSE:KNX) were hiked from $44.00 to $48.00, by Robert W. Baird. It also gave an ‘outperform’ rating.
According to a research report on Thursday, 23rd July, Deutsche Bank raised the price target from $45.00 to $59.00. On Monday, 27th July, the rating of Knight-Swift Transportation (NYSE:KNX) was changed from ‘hold’ to ‘strong-buy’ by Zacks Investment Research. The price target set by Zacks is $52.00.
The target price on shares of Knight-Swift Transportation’s shares was bumped up from $50.00 to $55.00 by Morgan Stanley. The company has received a ‘sell’ rating from one research analyst, ‘hold’ rating from three analysts, ‘buy’ rating from twelve analysts, and ‘strong’ buy from one. The average rating of Knight-Swift Transportation (NYSE:KNX) is ‘Buy’ and $48.33 is the average target price.