Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Stock Analysis
Knight-Swift Transportation Holdings Inc. (NYSE:KNX) is a prominent player in the transportation and logistics industry. The company provides a range of services, including truckload transportation, logistics, and intermodal services. As a key competitor in the sector, KNX faces competition from other major transportation companies like J.B. Hunt and Schneider National.
On April 25, 2025, Bruce Chan from Stifel Nicolaus set a price target of $42 for KNX. At that time, the stock was trading at $38.88, indicating an 8.02% potential upside. Currently, the stock is priced at $38.89, showing a slight decrease of 3.64% with a change of $1.47. This suggests that the stock is still below the target set by Stifel Nicolaus.
The recent Q1 2025 earnings conference call on April 23, 2025, featured key company figures like Brad Stewart, Adam Miller, and Andrew Hess. The call attracted analysts from major financial institutions, highlighting the interest in KNX's financial performance. The stock's fluctuation between $38.83 and $39.83 during the day reflects market reactions to the earnings call. KNX's market capitalization stands at approximately $6.3 billion, indicating its significant presence in the industry.
The stock has experienced a 52-week high of $61.51 and a low of $36.69, showcasing its volatility over the past year. The trading volume for the day is 1,761,988 shares, reflecting active investor interest in the stock.
| Symbol | Price | %chg |
|---|---|---|
| MAHA.JK | 163 | 0 |
| 9064.T | 2071 | 0 |
| 9076.T | 2320.5 | 0 |
| 9075.T | 3615 | 0 |
Knight-Swift Transportation Shares Surge 11% Following Q3 Beat
Shares of Knight-Swift Transportation (NYSE:KNX) surged more than 11% intra-day today after the company reported its Q3 results. The company's earnings per share (EPS) came in at $0.41, beating the Street estimate of $0.36. Revenue also outperformed, rising 6.5% year-over-year to $2.02 billion, exceeding the Street estimate of $1.9 billion.
CEO David Jackson highlighted that freight demand remains stable in the truckload market and relatively strong in the less-than-truckload (LTL) market. However, there is notable pressure on truckload rates and costs due to the ongoing rationalization of truckload oversupply as the industry moves towards equilibrium.
For full-year 2023, Knight-Swift Transportation expects adjusted EPS to be in the range of $2.10 to $2.20, slightly adjusted from the previous range of $2.10 to $2.30, but still above the Street estimate of $2.07.
Knight Transportation Reports Q2 Miss, Gets Downgraded
Knight Transportation (NYSE:KNX) announced its Q2 financial results on Thursday. The company reported EPS of $0.49 for the quarter, which was lower than the Street estimate of $0.59. Additionally, their revenue for the quarter was $1.6 billion, matching the consensus estimate.
Knight Transportation provided guidance for the fiscal year 2023, projecting EPS to be in the range of $2.10 to $2.30, significantly lower than the Street estimate of $2.76.
Following the release of these results, CFRA downgraded Knight Transportation from Hold to Sell, setting a price target of $48.00. Similarly, Evercore ISI downgraded the company from Outperform to In Line, adjusting the price target to $52.00 from the previous $60.00.
