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Knight-Swift Transportation Holdings Inc Class A KNX Stock Quote

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Last close prices updated as of Feb 06, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 61.07
  • Sector Industrials
  • Industry Trucking
  • Investment Style Mid Value
  • Day Range 60.68  –  62.40
  • Year Range 42.50  –  62.63
  • Market Cap 9.8137 Bil
  • Volume / Avg 1.5 Mil /  2.0 Mil
  • Price / Sales 1.34
  • Price / Book 1.41
  • Forward Div Yield 0.92%
  • Trailing Div Yield 0.79%

Morningstar‘s Stock Analysis KNX

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Freight Downcycle Emerges in Knight-Swift's Q4; but Easing Backdrop Not Surprising

Matthew Young Senior Equity Analyst

Analyst Note

| Matthew Young |

Diversified trucking and logistics specialist Knight-Swift’s fourth-quarter revenue-before-fuel swung to a 10% year-over-year decline—it was up 9% last quarter and more than 43% in the first half. The general theme is that retailer-sector restocking has dried up (high inventory levels) and industrial end markets are softening, thus pressuring volumes across the board. Also, truckload spot rates corrected meaningfully throughout 2022 and contract pricing is now starting to ease, albeit less-than-truckload, or LTL, pricing is holding up better. None of this is a surprise and we've already been baking in a pullback in 2023, though revenue came in shy of our forecast as conditions deteriorated faster than we thought.

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Key Statistics KNX

Company Profile KNX

Business Description

Knight-Swift Transportation is by far the largest full-truckload carrier in the United States, but its service offering is quite diversified. About 71% of revenue derives from its asset-based trucking business, with full-truckload (including for-hire dry van, refrigerated, and dedicated contract) making up 58% of total top line and less-than-truckload at 13%. Truck brokerage and other asset-light logistics services make up 15% of revenue, with intermodal near 8%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage. The remainder of revenue reflects various services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.

2002 West Wahalla Lane
Phoenix, AZ, 85027
Industry Trucking
Employees 27,900

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FAQs for Knight-Swift Transportation Holdings Inc Class A Stock

Yes. KNX has a forward dividend yield of 0.92%. See KNX’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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KNX’s market cap is 9.81 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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KNX’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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KNX’s price/sales is 1.34.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

KNX’s price/forward earnings is 14.81.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

KNX’s price/book is 1.41.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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KNX’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare KNX’s historical performance against its industry peers and the overall market.