Kirby (KEX) to Release Quarterly Earnings on Thursday

Kirby (NYSE:KEX) is projected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Kirby to post earnings of $1.30 per share and revenue of $804,060.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Kirby (NYSE:KEX) last posted its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The business had revenue of $831.10 million during the quarter, compared to the consensus estimate of $824.42 million. During the same period last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect Kirby to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kirby Trading Down 2.4 %

Shares of NYSE KEX opened at $106.49 on Tuesday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 20.44, a PEG ratio of 0.55 and a beta of 1.21. The stock’s 50 day moving average price is $114.03 and its two-hundred day moving average price is $118.28. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 0.29. Kirby has a 52-week low of $78.57 and a 52-week high of $132.21.

Insider Buying and Selling at Kirby

In other news, COO Christian G. O’neil sold 15,041 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total value of $1,955,330.00. Following the completion of the transaction, the chief operating officer now owns 7,746 shares of the company’s stock, valued at approximately $1,006,980. This represents a 66.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ronald A. Dragg sold 2,313 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $127.30, for a total transaction of $294,444.90. Following the completion of the transaction, the vice president now owns 7,683 shares of the company’s stock, valued at $978,045.90. This represents a 23.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,354 shares of company stock worth $3,275,455 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

About Kirby

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.