Previous close | 48.53 |
Open | 48.59 |
Bid | 47.81 x 900 |
Ask | 48.76 x 1200 |
Day's range | 47.44 - 48.79 |
52-week range | 45.73 - 60.99 |
Volume | |
Avg. volume | 2,148,993 |
Market cap | 7.709B |
Beta (5Y monthly) | 1.00 |
PE ratio (TTM) | 35.73 |
EPS (TTM) | 1.34 |
Earnings date | 24 Apr 2024 |
Forward dividend & yield | 0.64 (1.34%) |
Ex-dividend date | 07 Mar 2024 |
1y target est | 60.47 |
Shares of U.S. trucking firms fell on Wednesday, after dismal quarterly numbers from JB Hunt Transport Services and Knight-Swift Transportation Holdings signaled a longer wait for a rebound in the freight industry. Freight companies have been grappling with reduced transport volumes on account of a shift in consumer spending from goods to services, combined with global shipping delays. In what TD Cowen analysts called an "ominous start for transport earnings", JB Hunt missed first-quarter estimates on Tuesday as it struggled with weak demand for intermodal services — its biggest segment.
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.
PHOENIX, April 17, 2024--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift", the "Company", or "we") today announced an update to its earnings guidance for the first and second quarters of 2024.