Wall Street brokerages expect Kirby Co. (NYSE:KEX) to report sales of $627.80 million for the current quarter, according to Zacks. Four analysts have issued estimates for Kirby’s earnings, with the highest sales estimate coming in at $685.31 million and the lowest estimate coming in at $557.70 million. Kirby reported sales of $435.65 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 44.1%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 7th.

On average, analysts expect that Kirby will report full year sales of $627.80 million for the current financial year, with estimates ranging from $2.06 billion to $2.18 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.67 billion per share, with estimates ranging from $2.33 billion to $2.99 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Kirby.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. The firm had revenue of $541.30 million during the quarter, compared to analyst estimates of $517.54 million. Kirby had a return on equity of 4.48% and a net margin of 5.88%. The company’s revenue was up 24.5% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share.

A number of equities analysts have issued reports on KEX shares. Jefferies Group restated a “buy” rating and set a $85.00 target price on shares of Kirby in a report on Monday, October 16th. Stifel Nicolaus restated a “hold” rating and set a $67.00 target price on shares of Kirby in a report on Friday, November 3rd. Finally, BidaskClub upgraded Kirby from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $75.40.

Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Kirby by 79.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock valued at $127,000 after purchasing an additional 857 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Kirby during the 2nd quarter valued at about $204,000. Boothbay Fund Management LLC bought a new position in shares of Kirby during the 3rd quarter valued at about $209,000. Koch Industries Inc. bought a new position in shares of Kirby during the 2nd quarter valued at about $216,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Kirby during the 2nd quarter valued at about $233,000. Institutional investors and hedge funds own 96.59% of the company’s stock.

Shares of Kirby (KEX) traded down $0.70 during mid-day trading on Friday, reaching $66.60. The company had a trading volume of 480,006 shares, compared to its average volume of 421,218. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93. Kirby has a 1 year low of $59.25 and a 1 year high of $74.50. The firm has a market capitalization of $3,980.00, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 3.93 and a beta of 1.06.

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About Kirby

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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Earnings History and Estimates for Kirby (NYSE:KEX)

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