Knight Transportation, Inc. (NYSE:KNX) is set to announce third quarter earning results on Wednesday 21st October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, KNX to report 3Q20 income of $ 0.63 per share.
For the full year, analysts anticipate top line of $ 4574.56 million, while looking forward to income of $ 2.36 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.15 ~ $ 2.30 per share
Click Here For More Historical Outlooks Of Knight Transportation, Inc.
Previous Quarter Performance
Knight Transportation, Inc. disclosed income for the second quarter of $ 0.57 per share, from the revenue of $ 1,061.00 million. The quarterly earnings decreased 1.72 percent while revenues dropped 14.58 percent compared with the same quarter last year.
Street analysts expected Knight Transportation, Inc. to report income of $ 0.35 per share on revenue of $ 1055.15 million for the second quarter. The bottom line results beat street analysts by $ 0.22 or 62.86 percent, at the same time, top line results outshined analysts by $ 5.85 million or 0.55 percent.
Stock Performance
Shares of Knight Transportation, Inc. traded up $ 0.39 or 0.99 percent on Tuesday, reaching $ 39.59 with volume of 2.63 million shares. Knight Transportation, Inc. has traded high as $ 40.10 and has cracked $ 39.04 on the downward trend
The closing price of $ 39.59, representing a 42.34 % increase from the 52 week low of $ 27.54 and a 17.37 % decrease over the 52 week high of $ 47.44.
The company has a market capital of $ 6.74 billion and is part of the Industrials sector and Trucking industry.
Recent Analyst recommendations
- On 15th October 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
- On 9th October 2020, downgraded by JPMorgan Chase & Co. to Underweight from Neutral rating.
- On 24th September 2020, initiated by Wells Fargo & Co at Overweight rating, with $ 51.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.08 per share on July 31, 2020. The dividend were payable on September 25, 2020 to holders of record as of the close of business on September 4, 2020 and ex-dividend date on September 3, 2020.
Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through six segments: Knight Trucking, Knight Logistics, Swift Truckload, Swift Dedicated, Swift Refrigerated, and Swift Intermodal. Its trucking services include dry van, refrigerated, dedicated, drayage, flatbed, and cross-border transportation of various products, goods, and materials.
