While one of its trucks completed a high-profile national tour this week, delivering the official U.S. Capitol Christmas Tree, corporate activity continued behind the scenes at Knight-Swift Transportation Holdings Inc. (NYSE: KNX).
Financial Performance and Outlook
The trucking giant’s latest quarterly report, released in late October, presented a nuanced picture for investors. The company posted revenue of $1.93 billion, which exceeded market forecasts. However, its adjusted earnings per share (EPS) of $0.32 fell short of expectations. Looking ahead to the current fourth quarter, management has provided guidance for an adjusted EPS in the range of $0.34 to $0.40.
Shareholders continue to benefit from the company’s commitment to returning capital. The board has declared a regular quarterly cash dividend of $0.18 per common share. This payment is scheduled for distribution on December 22 to shareholders of record as of December 5.
Should investors sell immediately? Or is it worth buying Knight-Swift Transportation?
Insider Transaction and Market Sentiment
In a separate corporate development, a director at Knight-Swift executed a notable transaction on December 3. The insider gifted 2,800 Class A shares at a listed price of $0 per share. Following this transfer, which was formally classified as a gift, the director retains direct ownership of 6,010 shares. Such non-market disposals are viewed differently by analysts than open-market sales, as they typically relate to personal financial planning rather than conveying a sentiment on valuation.
Trading at $50.72 as of the close on December 3, the stock has attracted generally favorable attention from research analysts. The consensus rating sits between “Moderate Buy” and “Strong Buy.” While a short-term price target suggested a level near $49.33, the average 12-month price target among analysts is approximately $53.29, with estimates spanning from $42.00 to $67.00.
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