Knight-Swift Transportation Holdings Inc (NYSE: KNX) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Knight-Swift Transportation Holdings Inc. Announces Timing of First Quarter 2024 Earnings Release and Related Conference Call.

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Stocks Info

Knight-Swift Transportation Holdings Inc is listed on the NYSE in the Industrials sector while operating in the Trucking industry. The current market capitalization of Knight-Swift Transportation Holdings Inc is $8.62B. A total of 1.37 million shares were traded on the day, compared to an average of 2.03M shares.

In the most recent transaction, Flanagan Cary M sold 2,000 shares of KNX for 56.24 per share on Feb 29 ’24. After the transaction, the Exec VP and CAO now owns 5,118 company shares. In a previous transaction on Nov 17 ’23, Harrington Timothy Sean sold 1,200 shares at 52.00 per share. KNX shares that Exec Vice Pres Sales owns now total 5,278.

Among the insiders who sold shares, Fitzsimmons James L disposed of 2,664 shares on Nov 15 ’23 at a per-share price of $53.73. This resulted in the EVP – Operations holding 4,632 shares of KNX after the transaction. In another insider transaction, Flanagan Cary M sold 2,000 shares at $59.00 per share on Aug 02 ’23. Company shares held by the SVP and CAO now total 5,880.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Knight-Swift Transportation Holdings Inc pays an annual dividend of $0.58, resulting in a dividend yield of 1.09%, and it has a price to earnings (P/E) ratio of 39.81. KNX’s most recent ex-dividend date was 3/7/2024 when it declared a $0.16 quarterly dividend that was paid in cash on 3/25/2024. Previously, the company paid the dividend on 12/22/2023 with an ex-dividend date of 12/7/2023. The KNX stock dividend was $0.14 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, KNX has a high of $60.99 and a low of $45.73.

As of this writing, KNX has an earnings estimate of $0.37 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.4 per share and a lower estimate of $0.22. The company reported an EPS of $0.41 in the last quarter, which was 13.90% higher than expectations of $0.36.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. KNX’s latest balance sheet shows that the firm has $261.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.24B in debt and $1.07B in liabilities at the time. Its Book Value Per Share was $43.92, while its Total Shareholder’s Equity was $6.54B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KNX is Buy with a score of 4.42.

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