Wall Street analysts forecast that Kirby Co. (NYSE:KEX) will report $698.90 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Kirby’s earnings. The highest sales estimate is $702.71 million and the lowest is $693.70 million. Kirby posted sales of $491.71 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.1%. The firm is expected to issue its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Kirby will report full year sales of $698.90 million for the current year, with estimates ranging from $2.87 billion to $3.09 billion. For the next financial year, analysts forecast that the business will report sales of $3.21 billion per share, with estimates ranging from $3.04 billion to $3.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Kirby.
Kirby (NYSE:KEX) last announced its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $708.10 million for the quarter, compared to analyst estimates of $612.61 million. Kirby had a return on equity of 4.17% and a net margin of 14.14%. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share.
Shares of Kirby (NYSE KEX) opened at $77.60 on Tuesday. The stock has a market capitalization of $4,630.00, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.34. Kirby has a 12-month low of $59.25 and a 12-month high of $80.90.
In other Kirby news, insider Dorman Lynn Strahan sold 1,665 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $74.56, for a total value of $124,142.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Monte J. Miller sold 2,336 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total transaction of $180,105.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,430 shares of company stock valued at $854,762. Insiders own 2.40% of the company’s stock.
Large investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Kirby by 79.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock worth $127,000 after acquiring an additional 857 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Kirby by 4,295.2% in the fourth quarter. Advisory Services Network LLC now owns 2,725 shares of the shipping company’s stock worth $182,000 after acquiring an additional 2,663 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Kirby in the fourth quarter worth $207,000. Trust Co acquired a new position in shares of Kirby in the third quarter worth $208,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Kirby in the third quarter worth $209,000. Institutional investors and hedge funds own 93.93% 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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