Knife River (KNF) Scheduled to Post Earnings on Tuesday

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

Knife River (NYSE:KNF) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $646.90 million during the quarter, compared to analysts’ expectations of $566.47 million. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. 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 Trading Up 1.3 %

NYSE KNF opened at $79.24 on Tuesday. The company has a fifty day simple moving average of $77.04 and a two-hundred day simple moving average of $66.70. Knife River has a 12-month low of $33.67 and a 12-month high of $83.78. The company has a quick ratio of 1.71, a current ratio of 2.63 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Oppenheimer raised their price target on shares of Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Loop Capital assumed coverage on shares of Knife River in a report on Tuesday, February 13th. They issued a “buy” rating and a $81.00 price target for the company. Wolfe Research assumed coverage on shares of Knife River in a report on Friday, March 8th. They issued a “peer perform” rating for the company. Finally, Bank of America began coverage on shares of Knife River in a report on Friday, January 5th. They issued a “buy” rating and a $81.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Knife River has a consensus rating of “Moderate Buy” and a consensus target price of $76.20.

Knife River Company Profile

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.