Knife River (NYSE:KNF) Posts Quarterly Earnings Results, Misses Expectations By $0.38 EPS

Key Points

• Knife River reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.38). Revenue reached $833.80 million, below analyst expectations of $902.26 million.
• The company's stock traded up 0.3% to $84.61 after its earnings announcement, with a market capitalization of $4.79 billion and a debt-to-equity ratio of 0.82.
• Research analysts have downgraded their price targets for Knife River, with Wells Fargo reducing its target from $114.00 to $96.00, while maintaining an "overweight" rating.

Knife River (NYSE:KNF - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.38), Zacks reports. The firm had revenue of $833.80 million during the quarter, compared to analysts' expectations of $902.26 million. Knife River had a return on equity of 10.58% and a net margin of 5.20%. Knife River's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. Knife River updated its FY 2025 guidance to EPS.

Knife River Stock Up 0.2%

Shares of NYSE KNF traded up $0.13 during trading on Friday, reaching $88.04. The company had a trading volume of 506,953 shares, compared to its average volume of 765,512. Knife River has a 12-month low of $71.92 and a 12-month high of $108.83. The stock has a market cap of $4.99 billion, a PE ratio of 32.73, a P/E/G ratio of 6.42 and a beta of 0.63. The business's 50-day moving average is $83.16 and its 200 day moving average is $90.92. The company has a quick ratio of 1.49, a current ratio of 2.78 and a debt-to-equity ratio of 0.92.

Institutional Investors Weigh In On Knife River

A number of institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Knife River by 16.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,565 shares of the company's stock valued at $20,529,000 after purchasing an additional 32,762 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Knife River in the first quarter worth about $424,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Knife River by 284.9% in the first quarter. Jones Financial Companies Lllp now owns 6,390 shares of the company's stock worth $576,000 after buying an additional 4,730 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KNF shares. Wells Fargo & Company reduced their price target on Knife River from $114.00 to $96.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 29th. DA Davidson reduced their price target on Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 10th. Finally, Royal Bank Of Canada started coverage on Knife River in a research note on Monday, June 16th. They issued an "outperform" rating and a $129.00 price target on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $114.17.

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.