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

Knife River (NYSE:KNF) released its earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $655.80 million. Knife River updated its FY 2025 guidance to EPS.

Knife River Stock Up 0.5 %

Shares of NYSE:KNF traded up $0.46 on Friday, reaching $101.88. The company had a trading volume of 445,498 shares, compared to its average volume of 339,194. Knife River has a 52-week low of $66.13 and a 52-week high of $108.83. The firm’s 50 day simple moving average is $102.39 and its 200-day simple moving average is $92.82. The firm has a market capitalization of $5.77 billion, a PE ratio of 29.19, a PEG ratio of 2.41 and a beta of 0.76. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Oppenheimer increased their target price on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. DA Davidson increased their target price on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Stephens reiterated an “overweight” rating and set a $120.00 target price on shares of Knife River in a research report on Friday. Finally, Loop Capital cut their price target on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and a consensus target price of $112.50.

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.