Knife River (KNF) to Release Quarterly Earnings on Monday

Knife River (NYSE:KNF) is set to announce its earnings results 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 interested in listening to the company’s conference call can do so using this link.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. The company had revenue of $806.90 million during the quarter, compared to the consensus estimate of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. 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 0.1 %

Shares of NYSE:KNF opened at $97.45 on Friday. The company has a fifty day moving average of $87.16 and a 200-day moving average of $78.66. The company has a market capitalization of $5.52 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 2.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. Knife River has a 52-week low of $53.34 and a 52-week high of $99.54.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price objective on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to 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.