Kirby (KEX) to Release Earnings on Thursday

Kirby (NYSE:KEX) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.97 per share 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 issued its quarterly earnings results on Thursday, February 1st. The shipping company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01. Kirby had a return on equity of 7.12% and a net margin of 7.21%. The firm had revenue of $799.18 million for the quarter, compared to analysts’ expectations of $778.70 million. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts expect Kirby to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Kirby Stock Performance

NYSE KEX opened at $95.08 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $90.58 and its two-hundred day moving average is $82.68. Kirby has a 12-month low of $66.42 and a 12-month high of $101.17. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.64 and a beta of 1.21.

Insider Buying and Selling

In related news, VP Scott P. Miller sold 1,828 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $79.60, for a total value of $145,508.80. Following the sale, the vice president now owns 1,000 shares in the company, valued at approximately $79,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO David W. Grzebinski sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $85.44, for a total value of $1,537,920.00. Following the sale, the chief executive officer now owns 66,399 shares in the company, valued at approximately $5,673,130.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott P. Miller sold 1,828 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $79.60, for a total value of $145,508.80. Following the completion of the sale, the vice president now owns 1,000 shares in the company, valued at approximately $79,600. The disclosure for this sale can be found here. Insiders have sold a total of 56,418 shares of company stock worth $4,932,521 in the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Kirby

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new stake in Kirby in the 1st quarter valued at approximately $47,000. Coppell Advisory Solutions Corp. purchased a new stake in Kirby in the 4th quarter valued at approximately $45,000. State of Wyoming lifted its stake in Kirby by 327.3% in the 4th quarter. State of Wyoming now owns 1,722 shares of the shipping company’s stock valued at $111,000 after buying an additional 1,319 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Kirby by 59.7% in the 4th quarter. Meeder Asset Management Inc. now owns 1,929 shares of the shipping company’s stock valued at $124,000 after buying an additional 721 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Kirby during the 2nd quarter worth $205,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KEX. StockNews.com upgraded Kirby from a “hold” rating to a “buy” rating in a research report on Tuesday. BTIG Research boosted their target price on Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Stephens reiterated an “overweight” rating and set a $105.00 target price on shares of Kirby in a research report on Monday, February 5th.

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.