Stock Traders Purchase Large Volume of Call Options on Kirby (KEX)
Kirby Co. (NYSE:KEX) saw unusually large options trading activity on Thursday. Stock traders acquired 3,245 call options on the company. This is an increase of approximately 4,470% compared to the typical daily volume of 71 call options.
Kirby (NYSE:KEX) opened at $74.80 on Friday. The company has a market cap of $4,420.56, a price-to-earnings ratio of 35.45, a PEG ratio of 3.86 and a beta of 1.04. Kirby has a 1-year low of $59.25 and a 1-year high of $75.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23.
Kirby (NYSE:KEX) last announced its earnings results on Wednesday, November 1st. The shipping company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $541.30 million for the quarter, compared to analysts’ expectations of $517.54 million. Kirby had a net margin of 5.88% and a return on equity of 4.48%. The company’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. analysts predict that Kirby will post 2.04 earnings per share for the current fiscal year.
KEX has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “hold” rating and set a $67.00 price objective on shares of Kirby in a report on Friday, November 3rd. Jefferies Group initiated coverage on shares of Kirby in a report on Monday, December 18th. They set a “buy” rating and a $85.00 price objective on the stock. Zacks Investment Research cut shares of Kirby from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Stephens reissued a “hold” rating and set a $70.00 price objective on shares of Kirby in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Kirby currently has an average rating of “Hold” and an average price target of $74.50.
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Kirby 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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