Knife River (NYSE:KNF) Releases Earnings Results, Misses Expectations By $0.22 EPS

Knife River (NYSE:KNF) posted its quarterly earnings data on Monday. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22), RTT News reports. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm posted $2.58 earnings per share. Knife River’s quarterly revenue was up 1.4% on a year-over-year basis. Knife River updated its FY 2024 guidance to EPS.

Knife River Stock Down 8.5 %

Shares of NYSE:KNF opened at $89.23 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $87.36 and a 200-day simple moving average of $78.76. The company has a market capitalization of $5.05 billion, a PE ratio of 25.71, a P/E/G ratio of 2.40 and a beta of 0.74. Knife River has a twelve month low of $54.05 and a twelve month high of $99.54.

Wall Street Analysts Forecast Growth

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

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.