Kirby Co. (NYSE:KEX) – Stock analysts at Gabelli dropped their FY2018 earnings per share (EPS) estimates for Kirby in a research report issued on Monday. Gabelli analyst J. Bergner now expects that the shipping company will post earnings of $2.75 per share for the year, down from their previous estimate of $2.80. Gabelli currently has a “Hold” rating and a $80.00 target price on the stock. Gabelli also issued estimates for Kirby’s FY2021 earnings at $5.20 EPS.
Kirby (NYSE:KEX) last issued its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $708.10 million for the quarter, compared to the consensus estimate of $612.61 million. Kirby had a return on equity of 4.37% and a net margin of 14.14%. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS.
Shares of Kirby (NYSE:KEX) traded up $0.40 on Wednesday, reaching $75.00. The company had a trading volume of 104,499 shares, compared to its average volume of 528,318. The company has a market cap of $4,375.79, a P/E ratio of 35.76, a PEG ratio of 2.10 and a beta of 1.03. Kirby has a 52 week low of $59.25 and a 52 week high of $80.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23.
In other news, insider Dorman Lynn Strahan sold 1,735 shares of Kirby stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $76.51, for a total value of $132,744.85. Following the completion of the transaction, the insider now owns 28,484 shares in the company, valued at approximately $2,179,310.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Monte J. Miller sold 2,336 shares of Kirby stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total value of $180,105.60. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Arosa Capital Management LP purchased a new position in shares of Kirby in the 4th quarter worth approximately $868,000. Thrivent Financial For Lutherans boosted its holdings in shares of Kirby by 40.4% in the 4th quarter. Thrivent Financial For Lutherans now owns 947,379 shares of the shipping company’s stock worth $63,285,000 after purchasing an additional 272,436 shares during the period. Lodge Hill Capital LLC purchased a new position in shares of Kirby in the 4th quarter worth approximately $20,708,000. CWA Asset Management Group LLC boosted its holdings in shares of Kirby by 6.3% in the 4th quarter. CWA Asset Management Group LLC now owns 33,340 shares of the shipping company’s stock worth $2,227,000 after purchasing an additional 1,984 shares during the period. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of Kirby by 49.0% in the 4th quarter. Kennedy Capital Management Inc. now owns 224,361 shares of the shipping company’s stock worth $14,987,000 after purchasing an additional 73,760 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.
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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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