Knife River (NYSE:KNF) Announces Earnings Results, Misses Estimates By $0.04 EPS

Knife River (NYSE:KNF) announced its earnings results on Tuesday. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.04), Briefing.com reports. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The business had revenue of $329.60 million for the quarter, compared to analysts’ expectations of $300.98 million. During the same quarter last year, the business earned ($516.50) EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis.

Knife River Stock Down 3.5 %

Shares of Knife River stock traded down $2.73 during trading hours on Wednesday, hitting $76.15. The company had a trading volume of 170,097 shares, compared to its average volume of 380,439. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.63 and a quick ratio of 1.71. Knife River has a twelve month low of $33.67 and a twelve month high of $83.78. The company’s 50-day moving average is $77.91 and its two-hundred day moving average is $67.84. The company has a market cap of $4.31 billion and a P/E ratio of -0.15.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KNF shares. Wolfe Research began coverage on Knife River in a research note on Friday, March 8th. They issued a “peer perform” rating on the stock. Loop Capital began coverage on shares of Knife River in a research note on Tuesday, February 13th. They issued a “buy” rating and a $81.00 price target on the stock. Finally, Oppenheimer upped their price objective on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.20.

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.