Kirby (KEX) Scheduled to Post Earnings on Thursday

Kirby (NYSE:KEX) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce 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 issued its earnings results on Thursday, February 1st. The shipping company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. The business had revenue of $799.18 million for the quarter, compared to analyst estimates of $778.70 million. Kirby had a return on equity of 7.12% and a net margin of 7.21%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. 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 3.5 %

Shares of KEX opened at $99.14 on Tuesday. The stock’s fifty day simple moving average is $91.51 and its 200 day simple moving average is $83.09. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. Kirby has a twelve month low of $66.42 and a twelve month high of $101.30. The firm has a market capitalization of $5.80 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21.

Insider Activity

In related news, VP Scott P. Miller sold 487 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were 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 of the company’s stock, valued at $99,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Scott P. Miller sold 487 shares of Kirby stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $99.78, for a total transaction of $48,592.86. Following 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christian G. O’neil sold 8,994 shares of Kirby stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $85.15, for a total transaction of $765,839.10. Following the transaction, the insider now owns 16,079 shares in the company, valued at approximately $1,369,126.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,418 shares of company stock worth $4,932,521. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KEX shares. Wolfe Research initiated coverage on Kirby in a report on Monday. They set an “outperform” rating and a $126.00 target price on the stock. BTIG Research raised 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. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Stephens reaffirmed an “overweight” rating and set a $105.00 price target on shares of Kirby in a report on Monday, February 5th. Finally, Stifel Nicolaus upped their price objective on shares of Kirby from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $116.00.

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.