Knife River (KNF) Set to Announce Quarterly Earnings on Monday

by · The Cerbat Gem

Knife River (NYSE:KNF – Get Free Report) will be announcing 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Knife River (NYSE:KNF – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The firm had revenue of $806.90 million for the quarter, compared to analyst estimates of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $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 Performance

KNF stock opened at $93.45 on Monday. The business’s 50-day moving average price is $85.06 and its two-hundred day moving average price is $78.08. The company has a current ratio of 2.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.29 billion, a PE ratio of 30.15, a P/E/G ratio of 2.26 and a beta of 0.82. Knife River has a 1-year low of $46.51 and a 1-year high of $95.85.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted their target price on Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.60.

Read Our Latest Research Report on KNF

Knife River Company Profile

(Get Free Report)

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.

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