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

Knife River (NYSE:KNF) issued its quarterly earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $655.80 million. Knife River updated its FY 2025 guidance to EPS.

Knife River Trading Up 0.5 %

NYSE:KNF traded up $0.46 during trading hours on Friday, reaching $101.88. 445,498 shares of the company were exchanged, 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. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 2.41 and a beta of 0.76. Knife River has a 52-week low of $66.13 and a 52-week high of $108.83. The stock has a 50 day simple moving average of $102.39 and a 200 day simple moving average of $92.82.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KNF shares. Loop Capital lowered their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Oppenheimer upped their price objective 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. DA Davidson upped their price objective on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Stephens reissued an “overweight” rating and set a $120.00 price objective on shares of Knife River in a research note on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Knife River presently has an average rating of “Moderate Buy” and a consensus 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.