News coverage about Swift Transportation (NYSE:KNX) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Swift Transportation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 46.6475116433194 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
KNX has been the subject of several research reports. ValuEngine raised Swift Transportation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Zacks Investment Researchdowngraded Swift Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Seaport Global Securities reissued a “buy” rating on shares of Swift Transportation in a research note on Thursday, September 21st. UBS AG cut their target price on shares of Swift Transportation from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, KeyCorp raised shares of Swift Transportation from a “sector weight” rating to an “overweight” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $41.13.
Swift Transportation (NYSE:KNX) traded down $0.56 on Thursday, reaching $38.19. The company’s stock had a trading volume of 1,968,300 shares, compared to its average volume of 1,707,631. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.14. The stock has a market cap of $6,800.00, a PE ratio of 29.06 and a beta of 0.92. Swift Transportation has a 52 week low of $26.68 and a 52 week high of $44.45.
Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Monday, November 6th. The transportation company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.05). The business had revenue of $521.61 million during the quarter, compared to analysts’ expectations of $1.33 billion. Swift Transportation had a net margin of 2.44% and a return on equity of 7.48%. During the same quarter last year, the firm earned $0.34 EPS. equities research analysts predict that Swift Transportation will post 1.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 1st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, November 30th.
In other Swift Transportation news, Director Michael Garnreiter sold 2,500 shares of Swift Transportation stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $38.50, for a total value of $96,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.90% of the stock is owned by insiders.
About Swift Transportation
Knight Transportation, Inc is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates through two segments: Trucking and Logistics. Its Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.