Swift Transportation (NASDAQ: SWFT) announced its earnings results on Wednesday. The company reported $0.38 earnings per share for the quarter, beating the analysts? consensus estimate of $0.24 by $0.14. The company had revenue of $922.60 million for the quarter, compared to the consensus estimate of $883.73 million. During the same quarter last year, the company posted $0.29 earnings per share. Swift Transportation?s revenue was up 7.2% compared to the same quarter last year.
SWFT has been the subject of a number of recent research reports. Analysts at Barclays Capital raised their price target on shares of Swift Transportation from $11.00 to $12.00 in a research note to investors on Monday, January 7th. They now have an ?equal weight? rating on the stock. On the ratings front, analysts at Dahlman Rose upgraded shares of Swift Transportation from a ?hold? rating to a ?buy? rating in a research note to investors on Monday, December 10th. They now have a $12.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Wunderlich upgraded shares of Swift Transportation from a ?hold? rating to a ?buy? rating in a research note to investors on Monday, December 10th. Eleven research analysts have rated the stock with a buy rating, two have given an overweight rating, and eight have assigned a hold rating to the company?s stock. The stock has a consensus rating of ?overweight? and a consensus price target of $11.80.
Shares of Swift Transportation (SWFT) traded down 2.39% during mid-day trading on Wednesday, hitting $10.23. Swift Transportation (SWFT) has a one year low of $7.47 and a one year high of $12.82. The stock?s 50-day moving average is currently $9.22. The company has a market cap of $1.428 billion and a P/E ratio of 13.99. Swift Transportation Company is a transportation services company and a truckload carrier in North America.