Kirby (KEX) Set to Announce Earnings on Wednesday

Kirby (NYSE:KEX) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Kirby (NYSE:KEX) last released its earnings results on Thursday, August 1st. The shipping company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. The business had revenue of $824.40 million during the quarter, compared to the consensus estimate of $821.65 million. Kirby had a return on equity of 8.70% and a net margin of 8.72%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.95 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 0.2 %

NYSE KEX opened at $121.77 on Wednesday. The stock has a market cap of $7.13 billion, a PE ratio of 28.79, a PEG ratio of 0.75 and a beta of 1.17. Kirby has a 12 month low of $72.11 and a 12 month high of $130.90. The company’s 50-day moving average price is $120.29 and its 200-day moving average price is $117.11. The company has a current ratio of 1.70, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.

Insiders Place Their Bets

In related news, VP Amy D. Husted sold 2,853 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was 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 directly owns 5,280 shares in the company, valued at $668,131.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Amy D. Husted sold 2,853 shares of Kirby stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $126.54, for a total value of $361,018.62. Following the transaction, the vice president now owns 5,280 shares of the company’s stock, valued at $668,131.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christian G. O’neil sold 2,770 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $110.21, for a total transaction of $305,281.70. Following the sale, the chief operating officer now directly owns 16,079 shares of the company’s stock, valued at $1,772,066.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,012 shares of company stock worth $5,571,267 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on KEX. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. Bank of America raised their price target on Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

About Kirby

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.