Zacks Research Has Bullish Outlook for Kirby FY2024 Earnings

Kirby Co. (NYSE:KEX) – Stock analysts at Zacks Research boosted their FY2024 earnings estimates for Kirby in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst S. Goswami now forecasts that the shipping company will post earnings of $5.45 per share for the year, up from their previous estimate of $5.41. The consensus estimate for Kirby’s current full-year earnings is $5.44 per share. Zacks Research also issued estimates for Kirby’s Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.47 EPS, Q3 2025 earnings at $1.74 EPS, Q4 2025 earnings at $1.60 EPS, FY2025 earnings at $6.18 EPS, Q1 2026 earnings at $1.43 EPS, Q2 2026 earnings at $1.62 EPS and Q3 2026 earnings at $1.63 EPS.

KEX has been the subject of a number of other research reports. Bank of America boosted their target price on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research note on Sunday, September 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Kirby has an average rating of “Moderate Buy” and a consensus target price of $123.80.

Kirby Stock Down 1.5 %

KEX stock opened at $128.04 on Friday. The stock has a market capitalization of $7.35 billion, a P/E ratio of 24.58, a P/E/G ratio of 0.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.67 and a quick ratio of 1.05. Kirby has a 1-year low of $72.11 and a 1-year high of $132.04. The business has a fifty day moving average price of $122.45 and a 200-day moving average price of $119.73.

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

Institutional Trading of Kirby

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in shares of Kirby by 420.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Kirby during the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new position in Kirby during the third quarter valued at approximately $30,000. ORG Partners LLC bought a new position in shares of Kirby in the second quarter worth approximately $32,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Kirby in the second quarter worth $33,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Insider Buying and Selling at Kirby

In other news, VP Amy D. Husted sold 2,853 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $126.54, for a total transaction of $361,018.62. Following the completion of the sale, the vice president now owns 5,280 shares of the company’s stock, valued at $668,131.20. The trade was a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Christian G. O’neil sold 15,041 shares of the firm’s 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 directly owns 7,746 shares in the company, valued at approximately $1,006,980. This represents a 66.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,596 shares of company stock valued at $7,515,760. 1.50% of the stock is owned by company 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.