Here's Why You Should Avoid Knight-Swift (KNX) Stock Now [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
Company Research
Source: Yahoo! Finance
High costs related to driver wages, equipment, maintenance, fuel and other expenses are restricting Knight-Swift's bottom-line growth. During the first quarter of 2024, salaries, wages and benefits expenses rose 29% year over year, while operations and maintenance expenses climbed 35.5%. Escalating fuel costs are flaring up the operating costs. Total operating expenses increased 20.8% year over year to $1.80 billion in first-quarter 2024. KNX expects net cash capital expenditures for 2024 in the $625-$675 million band. Knight-Swift exited the first quarter of 2024 with cash and cash equivalents of $204.76 million, which is lower than its long-term debt (excluding current maturities) of $1.19 billion. This implies that the company does not have enough cash to meet its debt obligations. KNX has a disappointing earnings surprise history. The company's earnings lagged the Zacks Consensus Estimate in three of the last four quarters (outpaced the mark in the remaining quarter), deliver
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KNX
News
- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $56.00 price target on the stock.MarketBeat
- Investors Could Be Concerned With Knight-Swift Transportation Holdings' (NYSE:KNX) Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) is now covered by analysts at Raymond James. They set a "strong-buy" rating and a $58.00 price target on the stock.MarketBeat
- Knight-Swift Transportation Holdings (NYSE:KNX) Is Due To Pay A Dividend Of $0.16 [Yahoo! Finance]Yahoo! Finance
- KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. ANNOUNCES QUARTERLY CASH DIVIDENDBusiness Wire
KNX
Earnings
- 4/24/24 - Miss
KNX
Sec Filings
- 6/12/24 - Form 4
- 6/12/24 - Form 3
- 6/7/24 - Form SC
- KNX's page on the SEC website