Swift Transportation Co (SWFT) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.21. The company posted revenue of $967.80 million in the period, compared to analysts expectations of $1001.42 million. The company’s revenue was down -7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on Swift Transportation Co. Company shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight”, Firm has raised the Price Target to $ 19 from a previous price target of $17 .Shares were Reiterated by Cowen on Mar 9, 2016 to “Outperform” and Lowered the Price Target to $ 19 from a previous price target of $20 .Swift Transportation Co was Initiated by JP Morgan to “Neutral” on Feb 29, 2016.
Swift Transportation Co opened for trading at $17.88 and hit $18.38 on the upside on Monday, eventually ending the session at $18.2, with a gain of 1.28% or 0.23 points. The heightened volatility saw the trading volume jump to 32,49,323 shares. Company has a market cap of $2,486 M.
In a different news, on Mar 1, 2016, Jerry Moyes (CEO) sold 17,300 shares at $18.05 per share price. According to the SEC, on Feb 29, 2016, Kenneth C Runnels (Executive VP Fleet Operations) sold 1,435 shares at $17.94 per share price. On Feb 26, 2016, Virginia Henkels (Chief Financial Officer) sold 3,825 shares at $17.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload which consists of one way movements over irregular routes throughout the United States Mexico and Canada; Dedicated through which the Company devotes use of equipment to specific customers and offers tailored solutions under long-term contracts; Central Refrigerated which represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers and Intermodal segment which includes revenue generated by moving freight over the rail in the Company’s containers and other trailing equipment combined with revenue for drayage to transport loads between the railheads and customer locations.