Knight-Swift (KNX) Rides on Dividend Amid Soft Freight Demand [Yahoo! Finance]
Knight-Swift Transportation Holdings Inc. (KNX)
Last knight-swift transportation holdings inc. earnings: 4/22 09:00 am
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US:NYSE Investor Relations:
investor.knighttrans.com
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Source: Yahoo! Finance
KNX's board of directors approved a dividend hike of 14.2%, thereby raising its quarterly cash dividend from 14 cents per share to 16 cents. The raised dividend is anticipated to be paid out on Mar 25, 2024, to all its shareholders of record as of Mar 8. The move reflects KNX's intention to utilize free cash to enhance its shareholders' returns. Notably, KNX has raised its quarterly dividend five times in the past five years for a 167% overall increase. Such shareholder-friendly moves not only instill investor confidence but also impact the company's bottom line. Partly due to these tailwinds, shares of KNX have gained 20.1% over the past three months. Image Source: Zacks Investment Research On the flip side, high costs related to driver wages, equipment, maintenance, fuel and other expenses are restricting Knight-Swift's bottom-line growth. During 2023, salaries, wages and benefits expenses rose 14.1% year over year, while operations and maintenance expenses climbed 11.9%. Wi
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News
- Knight-Swift (KNX) Q1 Earnings & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $47.00 price target on the stock, down previously from $53.00.MarketBeat
- Knight-Swift Transportation Holdings First Quarter 2024 Earnings: US$0.016 loss per share (vs US$0.65 profit in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) had its price target lowered by analysts at Evercore ISI from $60.00 to $55.00. They now have an "in-line" rating on the stock.MarketBeat
KNX
Earnings
- 4/24/24 - Miss
KNX
Sec Filings
- 4/24/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/8/24 - Form PX14A6G
- KNX's page on the SEC website