Knife River (NYSE:KNF) Issues Quarterly Earnings Results

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) announced 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. Knife River had a return on equity of 12.83% and a net margin of 6.18%. The company had revenue of $833.80 million for the quarter, compared to analyst estimates of $902.26 million. During the same period in the prior year, the business posted $1.37 earnings per share. Knife River's revenue for the quarter was up 3.3% on a year-over-year basis. Knife River updated its FY 2025 guidance to EPS.

Knife River Trading Up 0.3%

NYSE KNF traded up $0.25 during mid-day trading on Tuesday, reaching $84.61. 842,715 shares of the stock were exchanged, compared to its average volume of 545,159. Knife River has a 1-year low of $69.73 and a 1-year high of $108.83. The business's fifty day simple moving average is $84.06 and its 200 day simple moving average is $91.49. The stock has a market capitalization of $4.79 billion, a PE ratio of 26.74, a PEG ratio of 2.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.49 and a current ratio of 2.94.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KNF shares. Wells Fargo & Company decreased their target price on shares of 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 lowered their price objective on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, June 10th. Finally, Royal Bank Of Canada began coverage on shares of Knife River in a research note on Monday, June 16th. They issued an "outperform" rating and a $129.00 price objective for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $114.17.

Institutional Trading of Knife River

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Knife River in the 1st quarter valued at $424,000. Jones Financial Companies Lllp raised its stake in shares of Knife River by 284.9% in the 1st quarter. Jones Financial Companies Lllp now owns 6,390 shares of the company's stock valued at $576,000 after acquiring an additional 4,730 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Knife River by 16.8% in the 1st 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 acquiring an additional 32,762 shares during the period. Institutional investors and hedge funds own 80.11% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.