Kirby Corporation (KEX) Set to Announce Earnings on Wednesday
Kirby Corporation (NYSE:KEX) is set to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Kirby Corporation to post earnings of $0.44 per share for the quarter.
Kirby Corporation (NYSE:KEX) last issued its quarterly earnings results on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.85%. The company had revenue of $473.33 million during the quarter, compared to the consensus estimate of $478.85 million. During the same quarter in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect Kirby Corporation to post $1.96 EPS for the current fiscal year and $2.56 EPS for the next fiscal year.
Shares of Kirby Corporation (NYSE:KEX) opened at 66.50 on Wednesday. The stock’s 50 day moving average is $64.94 and its 200-day moving average is $65.57. Kirby Corporation has a one year low of $55.11 and a one year high of $74.50. The company has a market cap of $3.59 billion, a P/E ratio of 30.48 and a beta of 1.01.
A number of research firms have recently commented on KEX. Zacks Investment Research lowered shares of Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Kirby Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and issued a $85.00 price objective on shares of Kirby Corporation in a research report on Monday, October 16th. Cowen and Company restated a “hold” rating and issued a $70.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $69.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $71.71.
Kirby Corporation Company Profile
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.
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