Knife River (NYSE:KNF) Posts Earnings Results

Knife River (NYSE:KNF) announced its earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 company 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 Stock Performance

NYSE KNF traded up $0.46 during trading hours on Friday, hitting $101.88. The company had a trading volume of 445,498 shares, compared to its average volume of 339,194. Knife River has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The business 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 price-to-earnings-growth ratio of 2.41 and a beta of 0.76.

Analyst Upgrades and Downgrades

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