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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.04), Briefing.com reports. The company had revenue of $329.60 million during the quarter, compared to analyst estimates of $300.98 million. Knife River had a return on equity of 15.98% and a net margin of 6.46%. Knife River’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted ($516.50) earnings per share.

Knife River Price Performance

Shares of Knife River stock traded up $1.46 on Thursday, reaching $77.62. 47,994 shares of the stock were exchanged, compared to its average volume of 378,811. The firm’s 50 day moving average is $77.99 and its 200-day moving average is $67.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.71 and a current ratio of 2.63. Knife River has a one year low of $33.67 and a one year high of $83.78. The firm has a market cap of $4.39 billion and a PE ratio of -0.15.

Wall Street Analyst Weigh In

KNF has been the topic of a number of recent analyst reports. Wolfe Research began coverage on Knife River in a research report on Friday, March 8th. They set a “peer perform” rating on the stock. Loop Capital began coverage on Knife River in a research note on Tuesday, February 13th. They issued a “buy” rating and a $81.00 price target on the stock. Finally, Oppenheimer lifted their price objective on shares of Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.