Kirby (KEX) Scheduled to Post Quarterly Earnings on Thursday

Kirby (NYSE:KEX – Get Rating) will announce its earnings results before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Kirby (NYSE:KEX – Get Rating) last posted its earnings results on Thursday, January 27th. The shipping company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Kirby had a negative net margin of 10.99% and a positive return on equity of 1.12%. The business had revenue of $591.27 million for the quarter, compared to analyst estimates of $592.40 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts expect Kirby to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

KEX opened at $68.74 on Thursday. The firm’s 50-day simple moving average is $68.32 and its 200-day simple moving average is $61.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.85. Kirby has a twelve month low of $47.58 and a twelve month high of $75.08. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of -16.68, a PEG ratio of 2.64 and a beta of 1.40.

In other Kirby news, VP Ronald A. Dragg sold 500 shares of the company’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $71.08, for a total transaction of $35,540.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director C Sean Day sold 6,000 shares of the company’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of $72.30, for a total transaction of $433,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,950 shares of company stock worth $3,108,495. Corporate insiders own 1.80% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY raised its position in shares of Kirby by 9.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 10,744 shares of the shipping company’s stock valued at $638,000 after acquiring an additional 965 shares during the period. Comerica Bank raised its position in shares of Kirby by 0.7% in the 4th quarter. Comerica Bank now owns 27,910 shares of the shipping company’s stock valued at $1,745,000 after acquiring an additional 207 shares during the period. Sei Investments Co. raised its position in shares of Kirby by 2.5% in the 4th quarter. Sei Investments Co. now owns 40,180 shares of the shipping company’s stock valued at $2,386,000 after acquiring an additional 964 shares during the period. Amalgamated Bank raised its position in shares of Kirby by 0.5% in the 4th quarter. Amalgamated Bank now owns 43,011 shares of the shipping company’s stock valued at $2,556,000 after acquiring an additional 231 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Kirby by 30.2% in the 4th quarter. Stifel Financial Corp now owns 43,019 shares of the shipping company’s stock valued at $2,556,000 after acquiring an additional 9,975 shares during the period. Institutional investors and hedge funds own 92.12% of the company’s stock.

Several equities research analysts have recently weighed in on KEX shares. StockNews.com started coverage on shares of Kirby in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Stifel Nicolaus upped their price target on shares of Kirby from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 5th. Finally, BTIG Research upgraded shares of Kirby from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Friday, January 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.25.

Kirby Company Profile (Get Rating)

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.

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