Knife River (NYSE:KNF) Posts Earnings Results, Beats Estimates By $0.01 EPS

Knife River (NYSE:KNF) issued its earnings results on Thursday. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01, Zacks reports. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The business 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 Stock Performance

Shares of NYSE:KNF traded up $0.46 during trading on Friday, reaching $101.88. 445,498 shares of the company’s stock traded hands, compared to its average volume of 339,194. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. Knife River has a 12 month low of $66.13 and a 12 month high of $108.83. The company has a 50 day moving average of $102.39 and a 200-day moving average of $92.82. The stock has a market capitalization of $5.77 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76.

Analyst Upgrades and Downgrades

KNF has been the topic of a number of research reports. Oppenheimer raised their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stephens reaffirmed an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday. DA Davidson raised their price target on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Loop Capital lowered their price target on shares of 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 assigned a buy rating to the stock. According to MarketBeat.com, Knife River presently has an average rating of “Moderate Buy” and an average price target of $112.50.

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.