The price of Knight-Swift Transportation Holdings Inc (NYSE: KNX) closed at $51.54 in the last session, down -3.93% from day before closing price of $53.65. In other words, the price has decreased by -$2.11 from its previous closing price. On the day, 2254157 shares were traded.
Ratios:
We take a closer look at KNX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 92.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on November 29, 2023, Reiterated its Outperform rating but revised its target price to $61 from $58 previously.
On October 20, 2023, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $54 to $57.
Evercore ISI Downgraded its Outperform to In-line on July 21, 2023, whereas the target price for the stock was revised from $60 to $52.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 29 ’24 when Flanagan Cary M sold 2,000 shares for $56.24 per share. The transaction valued at 112,490 led to the insider holds 5,118 shares of the business.
Harrington Timothy Sean sold 1,200 shares of KNX for $62,400 on Nov 17 ’23. The Exec Vice Pres Sales now owns 5,278 shares after completing the transaction at $52.00 per share. On Nov 15 ’23, another insider, Fitzsimmons James L, who serves as the EVP – Operations of the company, sold 2,664 shares for $53.73 each. As a result, the insider received 143,144 and left with 4,632 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KNX now has a Market Capitalization of 8.64B and an Enterprise Value of 11.67B. As of this moment, Knight-Swift’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.43, and their Forward P/E ratio for the next fiscal year is 13.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 1.63 whereas that against EBITDA is 10.30.
Stock Price History:
Over the past 52 weeks, KNX has reached a high of $60.99, while it has fallen to a 52-week low of $45.73. The 50-Day Moving Average of the stock is 56.02, while the 200-Day Moving Average is calculated to be 54.70.
Shares Statistics:
According to the various share statistics, KNX traded on average about 1.99M shares per day over the past 3-months and 1.65M shares per day over the past 10 days. A total of 161.38M shares are outstanding, with a floating share count of 156.27M. Insiders hold about 3.23% of the company’s shares, while institutions hold 90.33% stake in the company. Shares short for KNX as of Mar 15, 2024 were 3.13M with a Short Ratio of 1.82, compared to 3.94M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.94% and a Short% of Float of 2.25%.
Dividends & Splits
The forward annual dividend rate for KNX is 0.58, which was 0.56 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.04%, it implies a Forward Annual Dividend Yield of 1.19%. The stock’s 5-year Average Dividend Yield is 0.79. The current Payout Ratio is 41.73% for KNX, which recently paid a dividend on Mar 25, 2024 with an ex-dividend date of Mar 07, 2024. Stock splits for the company last occurred on Sep 11, 2017 when the company split stock in a 0:1 ratio.
Earnings Estimates
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.32 for the current quarter, with a high estimate of $0.4 and a low estimate of $0.22, while EPS last year was $0.73. The consensus estimate for the next quarter is $0.5, with high estimates of $0.56 and low estimates of $0.41.
Analysts are recommending an EPS of between $2.74 and $1.95 for the fiscal current year, implying an average EPS of $2.33. EPS for the following year is $3.89, with 17 analysts recommending between $4.61 and $3.39.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $1.88B. It ranges from a high estimate of $1.99B to a low estimate of $1.81B. As of the current estimate, Knight-Swift Transportation Holdings Inc’s year-ago sales were $1.64B, an estimated increase of 14.90% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $1.9B, an increase of 18.70% over than the figure of $14.90% in the same quarter last year. There is a high estimate of $1.99B for the next quarter, whereas the lowest estimate is $1.55B.
A total of 15 analysts have provided revenue estimates for KNX’s current fiscal year. The highest revenue estimate was $8.22B, while the lowest revenue estimate was $7.48B, resulting in an average revenue estimate of $7.91B. In the same quarter a year ago, actual revenue was $4.14B, up 90.90% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $8.43B in the next fiscal year. The high estimate is $8.77B and the low estimate is $7.73B. The average revenue growth estimate for next year is up 6.70% from the average revenue estimate for this year.
