Equities analysts expect Kirby Co. (NYSE:KEX) to announce sales of $604.20 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Kirby’s earnings. The highest sales estimate is $659.50 million and the lowest is $557.70 million. Kirby posted sales of $435.65 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.7%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, January 31st.
On average, analysts expect that Kirby will report full-year sales of $604.20 million for the current financial year, with estimates ranging from $2.06 billion to $2.18 billion. For the next fiscal year, analysts expect that the business will post sales of $2.56 billion per share, with estimates ranging from $2.33 billion to $2.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Kirby.
Kirby (NYSE:KEX) last released its quarterly earnings results on Wednesday, November 1st. The shipping company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $541.30 million for the quarter, compared to analyst estimates 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 prior year, the business earned $0.59 earnings per share.
Shares of Kirby (NYSE KEX) opened at $74.55 on Friday. The company has a market cap of $4,450.00, a P/E ratio of 35.50, a PEG ratio of 3.78 and a beta of 1.04. Kirby has a 1 year low of $59.25 and a 1 year high of $75.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Kirby by 79.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock valued at $127,000 after buying an additional 857 shares during the period. Verition Fund Management LLC purchased a new position in shares of Kirby during the second quarter valued at approximately $204,000. State of Alaska Department of Revenue purchased a new position in shares of Kirby during the fourth quarter valued at approximately $207,000. Trust Co purchased a new position in shares of Kirby during the third quarter valued at approximately $208,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Kirby during the third quarter valued at approximately $209,000. 96.59% of the stock is currently owned by institutional investors and hedge funds.
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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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