Knife River (KNF) to Release Quarterly Earnings on Monday

Knife River (NYSE:KNF) will issue its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $2.84 per share for the quarter. Knife River has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Knife River (NYSE:KNF) last released its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.24 by $0.13. The business had revenue of $806.90 million during the quarter, compared to analyst estimates of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share. On average, analysts expect Knife River to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Knife River Stock Up 0.2 %

Shares of NYSE:KNF opened at $97.47 on Friday. 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 has a market cap of $5.52 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Knife River has a 52 week low of $53.34 and a 52 week high of $99.54. The firm has a 50 day simple moving average of $87.16 and a 200 day simple moving average of $78.66.

Wall Street Analyst Weigh In

Separately, Oppenheimer upped their price target 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Knife River presently has an average rating of “Moderate Buy” and a consensus price target of $86.60.

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.