Knife River (KNF) to Release Quarterly Earnings on Monday

Knife River (NYSE:KNF) is scheduled to be releasing its earnings data before the market opens on Monday, November 4th. Analysts expect Knife River to post earnings of $2.84 per share for the quarter. Knife River has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Knife River (NYSE:KNF) last issued its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The company had revenue of $806.90 million for the quarter, compared to analysts’ expectations of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 EPS. On average, analysts expect Knife River to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Knife River Price Performance

Shares of NYSE:KNF opened at $97.45 on Friday. The stock has a market cap of $5.52 billion, a PE ratio of 28.08, a PEG ratio of 2.44 and a beta of 0.82. The company’s fifty day moving average is $87.16 and its 200 day moving average is $78.66. Knife River has a 52 week low of $53.34 and a 52 week high of $99.54. The company has a quick ratio of 1.49, a current ratio of 2.51 and a debt-to-equity ratio of 0.52.

Analysts Set New Price Targets

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

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.