Swift reported fourth-quarter operating revenue increased to $1.075 billion from $1.047 billion in the same period one year earlier. Its operating revenue for the full year increased to $4.118 billion in 2013 from $3.976 billion in 2012. Swift's diluted earnings per share were 32 cents in the fourth quarter, down from 39 cents in the same period one year earlier; however, its diluted EPS rose to $1.09 in 2013, up from $1 in 2012.
Adjusted earnings dropped to 36 cents in the fourth quarter from 41 cents in the same period a year earlier, though the company attributes this mostly to a six-cent increase in insurance and claims expense, according to its report. The full-year adjusted EPS rose to $1.23 in 2013 from $1.11 in 2012.
TheStreet Ratings team rates SWIFT TRANSPORTATION CO as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate SWIFT TRANSPORTATION CO (SWFT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."