Kirby (KEX) to Release Quarterly Earnings on Thursday

Kirby (NYSE:KEX) is expected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Kirby to post earnings of $1.30 per share and revenue of $804,060.00 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Kirby (NYSE:KEX) last released its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The business had revenue of $831.10 million for the quarter, compared to the consensus estimate of $824.42 million. During the same quarter last year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect Kirby to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kirby Price Performance

KEX opened at $110.51 on Thursday. The stock has a market capitalization of $6.34 billion, a P/E ratio of 21.21, a PEG ratio of 0.56 and a beta of 1.21. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Kirby has a 12-month low of $76.81 and a 12-month high of $132.21. The stock has a 50-day moving average price of $115.18 and a 200-day moving average price of $118.48.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Kirby has an average rating of “Moderate Buy” and a consensus target price of $123.80.

Insider Activity at Kirby

In other Kirby news, VP Ronald A. Dragg sold 2,313 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $127.30, for a total value of $294,444.90. Following the sale, the vice president now owns 7,683 shares of the company’s stock, valued at $978,045.90. This trade represents a 23.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christian G. O’neil sold 15,041 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 7,746 shares of the company’s stock, 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. Insiders sold 25,354 shares of company stock worth $3,275,455 in the last ninety days. 1.40% 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.