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

Knife River (NYSE:KNF) announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $655.80 million. Knife River updated its FY 2025 guidance to EPS.

Knife River Stock Performance

Shares of KNF traded up $0.46 during trading hours on Friday, reaching $101.88. 445,498 shares of the company’s stock traded hands, compared to its average volume of 339,194. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.41 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. Knife River has a twelve month low of $66.13 and a twelve month high of $108.83. The business’s fifty day simple moving average is $102.39 and its two-hundred day simple moving average is $92.82.

Analysts Set New Price Targets

Several brokerages have weighed in on KNF. Loop Capital dropped their target price 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. 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. 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. Finally, Stephens reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Knife River in a research report on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.