Analysts See $0.25 EPS for Knight Transportation (KNX)

July 18, 2017 - By Henry Gaston

 Analysts See $0.25 EPS for Knight Transportation (KNX)
Investors sentiment increased to 1.24 in Q4 2016. Its up 0.02, from 1.22 in 2016Q3. It increased, as 15 investors sold Knight Transportation shares while 60 reduced holdings. 45 funds opened positions while 48 raised stakes. 69.21 million shares or 3.74% less from 71.90 million shares in 2016Q3 were reported.
New York State Teachers Retirement Systems owns 173,233 shares for 0.01% of their portfolio. Capstone Asset Management Co reported 16,450 shares stake. Alliancebernstein L P accumulated 0% or 105,227 shares. Pinebridge Investments L P reported 32,912 shares or 0.03% of all its holdings. Next Century Growth Invsts Limited Liability Corporation owns 999,706 shares. Telemark Asset Mgmt Limited Liability holds 1.8% of its portfolio in Knight Transportation (NYSE:KNX) for 250,000 shares. New York-based Boothbay Fund Mgmt Limited Liability Corp has invested 0.09% in Knight Transportation (NYSE:KNX). First Personal Fincl reported 1,386 shares stake. Qs Invsts Ltd Liability Corp invested 0% of its portfolio in Knight Transportation (NYSE:KNX). Proshare Advsrs Limited Com reported 0% in Knight Transportation (NYSE:KNX). The California-based Fdx Advisors Inc has invested 0.02% in Knight Transportation (NYSE:KNX). Tiverton Asset Management Limited Liability Com holds 424,157 shares. Scopus Asset Management Ltd Partnership owns 215,000 shares. Rhumbline Advisers reported 116,668 shares. Geode Management Lc accumulated 0.01% or 464,759 shares.

Since April 28, 2017, it had 0 insider purchases, and 6 insider sales for $1.80 million activity. KNIGHT KEVIN P sold $603,526 worth of Knight Transportation (NYSE:KNX) on Friday, April 28. $175,987 worth of stock was sold by Yu Wayne on Friday, April 28. $412,880 worth of Knight Transportation (NYSE:KNX) was sold by KNIGHT GARY J on Tuesday, May 9. JACKSON DAVID A had sold 12,500 shares worth $400,005 on Friday, May 19. On Wednesday, June 14 the insider Updike James E. Jr. sold $100,100.

Wall Street await Knight Transportation (NYSE:KNX) to release earnings on July, 26. Analysts forecast earnings per share of $0.25, down exactly $0.06 or 19.35 % from 2014’s $0.31 EPS. The expected KNX’s profit could reach $20.43M giving the stock 35.85 P/E in the case that $0.25 earnings per share is reported. After posting $0.18 EPS for the previous quarter, Knight Transportation’s analysts now forecast 38.89 % EPS growth. The stock decreased 0.69% or $0.25 during the last trading session, reaching $35.85. About 1.23 million shares traded. Knight Transportation (NYSE:KNX) has risen 26.59% since July 18, 2016 and is uptrending. It has outperformed by 9.89% the S&P500.

Knight Transportation (NYSE:KNX) Ratings Coverage

Among 17 analysts covering Knight Transportation (NYSE:KNX), 6 have Buy rating, 2 Sell and 9 Hold. Therefore 35% are positive. Knight Transportation had 49 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by Barclays Capital to “Equal-Weight” on Thursday, April 7. Bank of America upgraded Knight Transportation (NYSE:KNX) on Monday, February 22 to “Buy” rating. The firm has “Market Perform” rating given on Wednesday, January 13 by William Blair. On Friday, February 10 the stock rating was upgraded by Stifel Nicolaus to “Hold”. The stock of Knight Transportation (NYSE:KNX) earned “Overweight” rating by Barclays Capital on Monday, October 5. The stock of Knight Transportation (NYSE:KNX) earned “Market Perform” rating by Avondale on Monday, March 14. As per Thursday, October 22, the company rating was maintained by Cowen & Co. As per Friday, December 18, the company rating was downgraded by Citigroup. The stock of Knight Transportation (NYSE:KNX) earned “Neutral” rating by Bank of America on Tuesday, June 21. On Thursday, April 21 the stock rating was downgraded by Raymond James to “Outperform”.

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 has market cap of $2.93 billion. The Firm operates through two divisions: Trucking and Logistics. It has a 33.77 P/E ratio. The Company’s Trucking segment consists of three operating units: dry van truckload, temperature-controlled truckload and drayage services.

More recent Knight Transportation (NYSE:KNX) news were published by: Streetinsider.com which released: “Knight Transportation (KNX) PT Raised to $43 at BofA/Merrill Lynch; ‘Could …” on July 07, 2017. Also Prnewswire.com published the news titled: “Knight Transportation, Core Laboratories Set to Join S&P MidCap 400; SolarEdge …” on July 06, 2017. Businesswire.com‘s news article titled: “Knight Transportation, Inc. Announces Upcoming Release of Second Quarter …” with publication date: July 05, 2017 was also an interesting one.

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