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

Knife River (NYSE:KNF - Get Free Report) announced its quarterly earnings results on Monday. The company reported $2.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.82 by ($0.22), RTT News reports. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.58 EPS. Knife River updated its FY 2024 guidance to EPS.

Knife River Stock Performance

KNF traded down $8.24 during trading on Monday, hitting $89.23. The stock had a trading volume of 1,079,641 shares, compared to its average volume of 381,854. Knife River has a twelve month low of $54.05 and a twelve month high of $99.54. The firm has a market capitalization of $5.05 billion, a P/E ratio of 25.37, a PEG ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. The company's 50-day moving average price is $87.16 and its 200 day moving average price is $78.67.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer upped their target price on shares of Knife River from $85.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.