Kirby (KEX) to Release Earnings on Thursday

Kirby (NYSE:KEX) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Kirby to post earnings of $0.97 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, February 1st. The shipping company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Kirby had a net margin of 7.21% and a return on equity of 7.12%. The firm had revenue of $799.18 million during the quarter, compared to analysts’ expectations of $778.70 million. During the same period in the previous year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts expect Kirby to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Kirby Trading Up 2.8 %

KEX stock opened at $101.94 on Wednesday. The company has a fifty day moving average price of $91.88 and a two-hundred day moving average price of $83.24. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. Kirby has a one year low of $66.42 and a one year high of $102.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.01.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KEX. Stifel Nicolaus boosted their target price on shares of Kirby from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, April 19th. StockNews.com raised Kirby from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. BTIG Research increased their target price on shares of Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Wolfe Research assumed coverage on shares of Kirby in a research report on Monday. They set an “outperform” rating and a $126.00 target price for the company. Finally, Stephens restated an “overweight” rating and set a $105.00 price target on shares of Kirby in a report on Monday, February 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $116.00.

Insider Buying and Selling

In other Kirby news, VP Scott P. Miller sold 487 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $99.78, for a total value of $48,592.86. Following the completion of the transaction, the vice president now owns 1,000 shares in the company, valued at approximately $99,780. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Scott P. Miller sold 487 shares of Kirby stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $99.78, for a total transaction of $48,592.86. Following the completion of the sale, the vice president now owns 1,000 shares in the company, valued at approximately $99,780. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Grzebinski sold 7,000 shares of Kirby stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $84.72, for a total value of $593,040.00. Following the sale, the chief executive officer now owns 84,399 shares of the company’s stock, valued at approximately $7,150,283.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,418 shares of company stock valued at $4,932,521. 1.40% of the stock is owned by insiders.

Kirby Company Profile

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.