Kirby Co. (NYSE:KEX) – Gabelli issued their FY2017 EPS estimates for shares of Kirby in a report issued on Tuesday. Gabelli analyst J. Bergner expects that the shipping company will post earnings of $1.91 per share for the year. Gabelli currently has a “Hold” rating and a $80.00 target price on the stock. Gabelli also issued estimates for Kirby’s FY2018 earnings at $2.75 EPS, FY2019 earnings at $3.20 EPS, FY2020 earnings at $3.90 EPS and FY2021 earnings at $4.50 EPS.
A number of other analysts have also weighed in on KEX. Jefferies Group restated a “buy” rating and set a $85.00 target price on shares of Kirby in a research note on Monday, October 16th. Stifel Nicolaus restated a “hold” rating and set a $67.00 target price on shares of Kirby in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Kirby from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, Stephens reaffirmed a “hold” rating and issued a $70.00 price target on shares of Kirby in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Kirby currently has an average rating of “Hold” and a consensus target price of $75.29.
Kirby (NYSE:KEX) last released its earnings results on Wednesday, November 1st. The shipping company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. Kirby had a net margin of 5.88% and a return on equity of 4.48%. The firm had revenue of $541.30 million for the quarter, compared to analyst estimates of $517.54 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 24.5% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. boosted its holdings in Kirby by 0.6% in the second quarter. Citigroup Inc. now owns 7,699 shares of the shipping company’s stock valued at $515,000 after purchasing an additional 48 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Kirby by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 16,161 shares of the shipping company’s stock valued at $1,080,000 after purchasing an additional 285 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Kirby by 1.2% in the second quarter. Prudential Financial Inc. now owns 33,710 shares of the shipping company’s stock valued at $2,254,000 after purchasing an additional 410 shares in the last quarter. Royal Bank of Canada boosted its holdings in Kirby by 4.1% in the second quarter. Royal Bank of Canada now owns 17,636 shares of the shipping company’s stock valued at $1,179,000 after purchasing an additional 689 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. boosted its holdings in Kirby by 5.9% in the third quarter. Turtle Creek Asset Management Inc. now owns 14,400 shares of the shipping company’s stock valued at $950,000 after purchasing an additional 800 shares in the last quarter. 96.59% of the stock is owned by hedge funds and other institutional investors.
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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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