Economy

Swift Transportation Company (NYSE:KNX) Coverage Initiated by Analysts at Citigroup Inc

Swift Transportation Company (NYSE:KNX) Coverage Initiated by Analysts at Citigroup Inc”

This showed a surprise of 0% in the last quarter earnings. Next quarter's EPS is forecasted at $0.40 with next year's EPS anticipated to be $1.70.

Swift Transportation (NYSE:KNX) last announced its earnings results on Wednesday, July 26th. The transportation company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.05. The business earned $289.10 million during the quarter, compared to analyst estimates of $285.76 million. Swift Transportation's quarterly revenue was down 1.1% on a year-over-year basis. Basswood Capital Management Llc sold 67,946 shares as the company's stock rose 0.94% with the market. Any way you dice it, a dip below $39.97 a share would be very bad news for KNX's technical picture in the near-term. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark laws. The original version of this news story can be accessed at https://weekherald.com/2017/09/27/stevens-capital-management-lp-acquires-108721-shares-of-swift-transportation-company-swft.html.

Analysts await Estee Lauder Companies Inc (NYSE:EL) to report earnings on November, 1. Over the past twelve months, Knight-Swift Transportation Holdings Inc. Stephens downgraded Knight Transportation from an overweight rating to an equal weight rating in a report on Wednesday, January 4th. A company with higher PE ratio is more worthy against a company with lower PE ratio. Swift Transportation had 36 analyst reports since August 13, 2015 according to SRatingsIntel. They issued a "buy" rating and a $43.00 target price on the stock. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $26.24. (NYSE:KNX) has grabbed attention from the analysts, when it experienced a change of 1.78% in the last trading session to close at $41.25. Liquidity allows investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). With short interest at 15,820,411 and short average daily volume at 1,572,043, the short-interest ratio is 10.0 and the short interest percentage is 0.20% as of August 31. A high degree of volume indicates a lot of interest in a stock. This dividend amount will represent a yield of $0.59.

In related news, CFO Virginia Henkels sold 17,153 shares of the stock in a transaction dated Friday, August 25th. Alphaone Investment Services, LLC controls 113,861 shares valued at $4,219,000. Following the transaction, the director now directly owns 56,011 shares in the company, valued at approximately $2,045,521.72.

Basswood Capital Management Llc decreased Swift Transn Co (SWFT) stake by 44.46% reported in 2017Q2 SEC filing. ValuEngine upgraded Swift Transportation from a "hold" rating to a "buy" rating in a research report on Tuesday, September 12th. The value of the position overall is up by 37.0%. (NYSE:KNX) has an average volume of 2.26 Million. The disclosure for this sale can be found here.

Several institutional investors and hedge funds have recently modified their holdings of the company. Finally, TrimTabs Asset Management LLC lifted its holdings in shares of Swift Transportation by 105.0% in the 2nd quarter. Impala Asset Limited Co has 3.66% invested in Knight-Swift Transportation Holdings Inc (NYSE:SWFT) for 2.72 million shares. LS Investment Advisors LLC raised its holdings in shares of Swift Transportation by 33.5% during the 1st quarter.

Among institutions that increased their positions, 48 were new positions.

Knight-Swift Transportation Holdings Inc. has a beta of 1.16, offering the possibility of a higher rate of return, but also posing more risk.

COPYRIGHT VIOLATION WARNING: "Swift Transportation Company (NYSE:KNX) Coverage Initiated by Analysts at Citigroup Inc." was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. The Company also provides rail intermodal and non-asset based freight brokerage and logistics management services. The Company's services includes irregular route, dedicated, expedited, port drayage and cross-border U.S; Mexico; Canada transport utilizing dry van, refrigerated, flatbed and specialized trailers and intermodal containers.



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