Kirby Corp. (KEX) Updates FY14 Earnings Guidance
Kirby Corp. (NYSE:KEX) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.75-4.95 for the period, compared to the Thomson Reuters consensus estimate of $4.95, American Banking News reports. Kirby Corp. also updated its Q1 guidance to $1.05-1.15 EPS.
Kirby Corp. (NYSE:KEX) traded down 1.21% during mid-day trading on Wednesday, hitting $98.77. The stock had a trading volume of 625,045 shares. Kirby Corp. has a one year low of $65.68 and a one year high of $103.89. The stock has a 50-day moving average of $97.39 and a 200-day moving average of $89.73. The company has a market cap of $5.612 billion and a price-to-earnings ratio of 23.00.
Kirby Corp. (NYSE:KEX) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.13. The company had revenue of $568.40 million for the quarter, compared to the consensus estimate of $554.75 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts expect that Kirby Corp. will post $4.25 EPS for the current fiscal year.
On a related note, analysts at Global Hunter Securities downgraded shares of Kirby Corp. from a buy rating to a neutral rating in a research note to investors on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $90.88.
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and along all three United States coasts and in Alaska and Hawaii.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.