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Investing.com - Stifel has raised its price target on Knight Transportation (NYSE:KNX) to $47.00 from $46.00 while maintaining a Hold rating on the stock, following the company’s better-than-expected second-quarter earnings. According to InvestingPro data, Knight Transportation currently trades at $45.55, with analysts’ targets ranging from $42 to $68, suggesting potential upside. The company has maintained dividend payments for 22 consecutive years, demonstrating consistent shareholder returns.
Knight-Swift reported adjusted earnings per share of $0.35 for the second quarter of 2025, exceeding both Stifel’s estimate of $0.32 and the consensus forecast of $0.33. The company’s core Truckload segment outperformed expectations, with both legacy operations and U.S. Xpress benefiting from cost containment and utilization initiatives. InvestingPro analysis indicates net income is expected to grow this year, with the company maintaining a solid gross profit margin of 24.14%.
The Logistics segment’s operating ratio also beat Stifel’s assumptions, apparently due to improved yield management. The Less-Than-Truckload (LTL) operating ratio was lighter than anticipated, primarily due to startup costs from new terminals.
Yield trends for Knight Transportation showed solid performance, with revenue per hundredweight increasing 10% compared to Stifel’s 8% estimate. Weight per shipment remains under pressure, which Stifel attributes to a sluggish industrial backdrop and trade policy uncertainty.
Stifel noted that business trends appear stable for Knight Transportation, but spot opportunities remain limited. The firm indicated that a recovery in spot opportunities would be necessary to drive significant upside leverage to the company’s financial model.
In other recent news, Knight-Swift Transportation Holdings Inc. reported its second-quarter 2025 earnings, showcasing a stronger-than-expected performance in earnings per share (EPS). The company achieved an adjusted EPS of $0.35, surpassing the forecast of $0.33 and marking a 6.06% positive surprise. Despite the earnings beat, revenue slightly missed expectations, coming in at $1.86 billion compared to the anticipated $1.87 billion. Benchmark has reiterated its Buy rating for Knight Transportation, maintaining a price target of $55.00. The firm’s analysis noted that all segments, except Intermodal, performed in line with or above their operating income expectations. These developments reflect recent trends in the company’s financial performance.
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