Knife River (NYSE:KNF) Posts Earnings Results

Knife River (NYSE:KNF) issued its earnings results on Monday. The company reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.22), RTT News reports. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company posted $2.58 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Knife River updated its FY 2024 guidance to EPS.

Knife River Trading Up 0.2 %

Shares of NYSE:KNF opened at $97.47 on Monday. The stock’s 50-day simple moving average is $87.16 and its two-hundred day simple moving average is $78.67. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.40 and a beta of 0.74. Knife River has a 52-week low of $53.34 and a 52-week high of $99.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51.

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted their target price on Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.60.

Knife River Company Profile

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.