Kirby (KEX) Expected to Announce Earnings on Thursday

Kirby (NYSE:KEXGet Free Report) is projected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $1.30 per share and revenue of $804,060.00 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

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

Kirby Trading Down 2.0 %

NYSE:KEX opened at $110.51 on Thursday. 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 firm’s 50 day moving average is $115.18 and its 200 day moving average is $118.48. Kirby has a 12 month low of $76.81 and a 12 month high of $132.21. The stock has a market capitalization of $6.34 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 0.56 and a beta of 1.21.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on Kirby

Insiders Place Their Bets

In other Kirby news, VP Ronald A. Dragg sold 2,313 shares of the stock in a transaction that occurred 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 directly owns 7,683 shares in the company, valued at $978,045.90. This represents a 23.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Ross Stewart sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the transaction, the director now owns 15,488 shares of the company’s stock, valued at $1,985,716.48. This trade represents a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,354 shares of company stock worth $3,275,455 in the last quarter. 1.40% of the stock is owned by company insiders.

About Kirby

(Get Free Report)

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.

Further Reading

Earnings History for Kirby (NYSE:KEX)

Receive News & Ratings for Kirby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirby and related companies with MarketBeat.com's FREE daily email newsletter.