What is Zacks Research’s Estimate for Kirby Q4 Earnings?

Kirby Co. (NYSE:KEX) – Analysts at Zacks Research lowered their Q4 2024 EPS estimates for shares of Kirby in a research note issued on Wednesday, November 13th. Zacks Research analyst S. Goswami now expects that the shipping company will earn $1.28 per share for the quarter, down from their prior estimate of $1.37. The consensus estimate for Kirby’s current full-year earnings is $5.45 per share.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08. The firm had revenue of $831.10 million for the quarter, compared to analysts’ expectations of $824.42 million. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share.

Several other equities analysts have also recently issued reports on the company. Bank of America raised their price target on Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Kirby presently has an average rating of “Moderate Buy” and an average target price of $123.80.

Kirby Trading Down 0.4 %

KEX opened at $127.58 on Monday. The firm has a 50-day moving average price of $122.45 and a two-hundred day moving average price of $119.89. Kirby has a 1-year low of $72.11 and a 1-year high of $132.04. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $7.32 billion, a PE ratio of 24.86, a PEG ratio of 0.76 and a beta of 1.17.

Insiders Place Their Bets

In other news, COO Christian G. O’neil sold 15,041 shares of Kirby stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the completion of the transaction, the chief operating officer now directly owns 7,746 shares in the company, valued at approximately $1,006,980. The trade was a 66.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ronald A. Dragg sold 2,313 shares of the company’s 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 in the company, valued at approximately $978,045.90. This trade represents a 23.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,596 shares of company stock valued at $7,515,760 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kirby

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. lifted its position in Kirby by 32.4% during the first quarter. Sei Investments Co. now owns 66,833 shares of the shipping company’s stock worth $6,371,000 after purchasing an additional 16,373 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Kirby by 2.9% in the first quarter. Orion Portfolio Solutions LLC now owns 18,370 shares of the shipping company’s stock worth $1,751,000 after acquiring an additional 523 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Kirby in the 1st quarter valued at about $1,031,000. Bessemer Group Inc. increased its stake in Kirby by 23.2% in the first quarter. Bessemer Group Inc. now owns 250,710 shares of the shipping company’s stock valued at $23,897,000 after purchasing an additional 47,134 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Kirby by 0.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 29,299 shares of the shipping company’s stock valued at $2,792,000 after purchasing an additional 108 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

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.