Analysts expect Kirby Co. (NYSE:KEX) to report $0.68 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Kirby’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.65. Kirby reported earnings per share of $0.54 in the same quarter last year, which indicates a positive year over year growth rate of 25.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 30th.
On average, analysts expect that Kirby will report full-year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.86. For the next fiscal year, analysts expect that the business will report earnings of $3.63 per share, with EPS estimates ranging from $3.35 to $3.75. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Kirby.
Kirby (NYSE:KEX) last announced its quarterly earnings data on Thursday, October 25th. The shipping company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Kirby had a return on equity of 5.05% and a net margin of 11.30%. The company had revenue of $704.85 million during the quarter, compared to analysts’ expectations of $780.20 million.
Several brokerages recently issued reports on KEX. ValuEngine downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research note on Friday, November 23rd. Zacks Investment Research upgraded shares of Kirby from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, Wells Fargo & Co cut their target price on shares of Kirby from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $89.25.
NYSE:KEX traded down $1.26 during mid-day trading on Friday, hitting $73.24. The stock had a trading volume of 629,000 shares, compared to its average volume of 470,909. Kirby has a twelve month low of $63.05 and a twelve month high of $94.05. The company has a market capitalization of $4.54 billion, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.06 and a current ratio of 1.86.
In other Kirby news, VP Amy D. Husted sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $74.79, for a total transaction of $89,748.00. Following the completion of the sale, the vice president now directly owns 15,246 shares in the company, valued at $1,140,248.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.
Hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc acquired a new stake in Kirby during the second quarter worth approximately $163,000. Greenwood Capital Associates LLC acquired a new stake in Kirby during the second quarter worth approximately $206,000. Engineers Gate Manager LP acquired a new stake in Kirby during the third quarter worth approximately $206,000. CIBC Asset Management Inc acquired a new stake in Kirby during the second quarter worth approximately $210,000. Finally, Virtu Financial LLC acquired a new stake in Kirby during the third quarter worth approximately $262,000. Hedge funds and other institutional investors own 94.13% of the company’s stock.
Kirby Company Profile
Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
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