Wunderlich Securities Sees Solid 3Q14 Results for Swift Transportation Co.

In a report published Friday, Wunderlich Securities analyst Nicholas J. Bender reiterated a Buy rating and $30.00 price target on

. In the report, Wunderlich Securities noted, “Swift Transportation reported 3Q14 results after the close last night, and the company's adjusted EPS of $0.39 easily beat the Street's $0.35 consensus. Revenue of $1.074 billion was a bit light of the $1.09 billion consensus, and the disconnect in results was the impact of favorable tax credits and gains on the sale of used equipment. The combined effect was an EPS tailwind of ~$0.05, placing EPS closer to $0.34 vs. affirmed guidance of $0.33-$0.37. All in all, a solid quarterly result that demonstrated clear progress on the issues that cropped up in 1H14.” Swift Transportation Co. closed on Thursday at $22.40.