Knife River (KNF) Set to Announce Earnings on Tuesday

Knife River (NYSE:KNF) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.80) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The business had revenue of $646.90 million during the quarter, compared to analysts’ expectations of $566.47 million. Knife River’s revenue was up 20.4% compared to the same quarter last year. 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 Price Performance

KNF stock opened at $78.99 on Friday. The company has a 50-day moving average price of $77.61 and a 200 day moving average price of $67.31. The stock has a market cap of $4.47 billion and a PE ratio of -0.15. The company has a current ratio of 2.63, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. Knife River has a 12 month low of $33.67 and a 12 month high of $83.78.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KNF shares. Loop Capital began coverage on shares of Knife River in a research report on Tuesday, February 13th. They issued a “buy” rating and a $81.00 price objective for the company. Wolfe Research initiated coverage on Knife River in a report on Friday, March 8th. They issued a “peer perform” rating for the company. Finally, Oppenheimer raised their price objective on Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Knife River has an average rating of “Moderate Buy” and a consensus price target of $76.20.

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.