What is Knight-Swift Transportation Holdings 3-Year Share Buyback Ratio?
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Knight-Swift Transportation Holdings's current 3-Year Share Buyback Ratio was 0.80%.
The historical rank and industry rank for Knight-Swift Transportation Holdings's 3-Year Share Buyback Ratio or its related term are showing as below:
KNX'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -44.6 Med: -0.7 Max: 2.2
Current: 0.8
During the past 13 years, Knight-Swift Transportation Holdings's highest 3-Year Share Buyback Ratio was 2.20%. The lowest was -44.60%. And the median was -0.70%.
KNX's 3-Year Share Buyback Ratio is ranked better than 83.27% of 532
companies
in the Transportation industry
Industry Median: -0.75
vs KNX: 0.80
Competitive Comparison of Knight-Swift Transportation Holdings's 3-Year Share Buyback Ratio
For the Trucking subindustry, Knight-Swift Transportation Holdings's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Knight-Swift Transportation Holdings's 3-Year Share Buyback Ratio Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Knight-Swift Transportation Holdings's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Knight-Swift Transportation Holdings's 3-Year Share Buyback Ratio falls into.
Knight-Swift Transportation Holdings 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
Knight-Swift Transportation Holdings (NYSE:KNX) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Knight-Swift Transportation Holdings 3-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Knight-Swift Transportation Holdings's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Knight-Swift Transportation Holdings Business Description
Knight-Swift is the largest full-truckload carrier in the US, with a diversified transportation offering. Pro forma for the US Xpress deal, about 82% of revenue derives from Knight's asset-based trucking business, with full truckload (for-hire dry van, refrigerated, and dedicated contract) making up 69% and less than truckload 13%. Truck brokerage and other asset-light logistics services make up 9% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class I railroads for the underlying movement of its shipping containers and include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue reflects services offered to shippers and third-party truckers, including equipment maintenance and leasing.
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