Kirby (NYSE:KEX) released its quarterly earnings data on Thursday. The shipping company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42, MarketWatch Earnings reports. Kirby had a negative net margin of 6.89% and a positive return on equity of 4.38%. The business had revenue of $541.16 million during the quarter, compared to the consensus estimate of $618.37 million.
Shares of NYSE:KEX opened at $46.24 on Friday. The company has a current ratio of 2.76, a quick ratio of 2.07 and a debt-to-equity ratio of 0.61. Kirby has a 12 month low of $32.76 and a 12 month high of $92.30. The company has a 50-day moving average price of $50.54 and a 200 day moving average price of $56.80. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -16.06, a PEG ratio of 2.05 and a beta of 1.42.
In other news, VP Kim B. Clarke acquired 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $52.07 per share, with a total value of $52,070.00. Following the completion of the purchase, the vice president now directly owns 3,656 shares in the company, valued at $190,367.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Scott P. Miller sold 607 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $51.71, for a total transaction of $31,387.97. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
Several research analysts have commented on KEX shares. Benchmark started coverage on shares of Kirby in a report on Thursday, April 16th. They set a “buy” rating and a $65.00 price objective for the company. Stifel Nicolaus dropped their price objective on shares of Kirby from $50.00 to $48.00 and set a “hold” rating for the company in a report on Wednesday. Finally, TheStreet downgraded shares of Kirby from a “c” rating to a “d+” rating in a report on Tuesday, May 5th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Kirby presently has an average rating of “Hold” and an average target price of $74.86.
Kirby Company Profile
Kirby Corporation operates domestic tank barges in the United States. Its 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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