Knife River (NYSE:KNF) Announces Earnings Results

Knife River (NYSE:KNF) posted 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 for the quarter, compared to analysts’ expectations of $300.98 million. Knife River had a return on equity of 15.98% and a net margin of 6.46%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($516.50) EPS.

Knife River Trading Up 1.9 %

Knife River stock traded up $1.47 during trading on Friday, hitting $79.18. The company 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 current ratio of 2.63, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. The company’s 50 day simple moving average is $78.07 and its 200-day simple moving average is $67.97. The stock has a market cap of $4.48 billion and a price-to-earnings ratio of -0.15.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Loop Capital assumed coverage on Knife River in a report on Tuesday, February 13th. They set a “buy” rating and a $81.00 price objective for the company. Wolfe Research began coverage on Knife River in a research report on Friday, March 8th. They issued a “peer perform” rating on the stock. Finally, Oppenheimer upped their target price on Knife River from $75.00 to $85.00 and gave the company 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.com, the company has an average rating of “Moderate Buy” and an average price target of $76.20.

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.