Knife River (NYSE:KNF) Releases Earnings Results, Beats Expectations By $0.01 EPS

Knife River (NYSE:KNF) issued its earnings results on Thursday. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01, Zacks reports. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. Knife River updated its FY 2025 guidance to EPS.

Knife River Trading Up 0.5 %

Shares of KNF traded up $0.46 during midday trading on Friday, hitting $101.88. 445,498 shares of the stock were exchanged, compared to its average volume of 339,194. Knife River has a 52-week low of $66.13 and a 52-week high of $108.83. The stock has a fifty day simple moving average of $102.39 and a 200 day simple moving average of $92.82. The firm has a market cap of $5.77 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.41 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KNF shares. Stephens reiterated an “overweight” rating and set a $120.00 price target on shares of Knife River in a research report on Friday. DA Davidson increased their price target on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer increased their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Loop Capital reduced their target price on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.50.

About Knife River

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.