Knife River (NYSE:KNF) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Knife River (NYSE:KNF) announced its earnings results on Tuesday. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.80) by ($0.04), Briefing.com reports. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The company had revenue of $329.60 million during the quarter, compared to the consensus estimate of $300.98 million. During the same quarter in the previous year, the company earned ($516.50) earnings per share. The business’s revenue was up 7.0% on a year-over-year basis.

Knife River Price Performance

Shares of Knife River stock traded up $1.47 on Friday, reaching $79.18. The stock had a trading volume of 19,103 shares, compared to its average volume of 377,319. Knife River has a 1 year low of $33.67 and a 1 year high of $83.78. The company has a market cap of $4.48 billion and a P/E ratio of -0.15. The company has a current ratio of 2.63, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $78.07 and its two-hundred day moving average is $67.97.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KNF shares. Oppenheimer upped their target price on Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Wolfe Research started coverage on Knife River in a research report on Friday, March 8th. They set a “peer perform” rating on the stock. Finally, Loop Capital started coverage on Knife River in a research report on Tuesday, February 13th. They set a “buy” rating and a $81.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Knife River currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

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.