Kirby (KEX) Scheduled to Post Quarterly Earnings on Wednesday

Kirby (NYSE:KEX) is scheduled to be announcing its earnings results after the market closes on Wednesday, January 31st. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Kirby has set its Q4 guidance at $0.40-0.55 EPS and its FY17 guidance at $1.90 to $2.05 EPS.

Kirby (NYSE:KEX) last announced its quarterly 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. Kirby had a return on equity of 4.48% and a net margin of 5.88%. The company had revenue of $541.30 million during the quarter, compared to analyst estimates of $517.54 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was up 24.5% on a year-over-year basis. On average, analysts expect Kirby to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kirby (NYSE KEX) opened at $77.75 on Wednesday. Kirby has a one year low of $59.25 and a one year high of $79.65. The company has a market capitalization of $4,670.00, a P/E ratio of 37.02, a P/E/G ratio of 3.79 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93.

A number of equities analysts recently commented on KEX shares. Wells Fargo & Co raised Kirby from a “market perform” rating to an “outperform” rating and set a $83.00 price target for the company in a research note on Monday. Zacks Investment Research lowered Kirby from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Stifel Nicolaus reissued a “hold” rating and set a $67.00 price target on shares of Kirby in a research note on Friday, November 3rd. Stephens reissued a “hold” rating and set a $70.00 price target on shares of Kirby in a research note on Wednesday, January 10th. Finally, Jefferies Group started coverage on Kirby in a research note on Monday, December 18th. They set a “buy” rating and a $85.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $76.25.

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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.

Earnings History for Kirby (NYSE:KEX)

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