Zacks Research Issues Optimistic Estimate for Kirby Earnings

Kirby Co. (NYSE:KEX) – Research analysts at Zacks Research upped their FY2024 earnings per share estimates for Kirby in a report released on Wednesday, November 13th. Zacks Research analyst S. Goswami now anticipates that the shipping company will earn $5.45 per share for the year, up from their previous forecast of $5.41. The consensus estimate for Kirby’s current full-year earnings is $5.44 per share. Zacks Research also issued estimates for Kirby’s Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.47 EPS, Q3 2025 earnings at $1.74 EPS, Q4 2025 earnings at $1.60 EPS, FY2025 earnings at $6.18 EPS, Q1 2026 earnings at $1.43 EPS, Q2 2026 earnings at $1.62 EPS and Q3 2026 earnings at $1.63 EPS.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The firm had revenue of $831.10 million for the quarter, compared to analysts’ expectations of $824.42 million. During the same period last year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis.

Other equities analysts also recently issued reports about the company. Bank of America lifted their target price on Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research note on Sunday, September 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

Kirby Trading Down 1.5 %

NYSE KEX opened at $128.05 on Friday. The firm has a market capitalization of $7.35 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17. Kirby has a one year low of $72.11 and a one year high of $132.04. The company has a 50-day simple moving average of $122.17 and a 200-day simple moving average of $119.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67.

Hedge Funds Weigh In On Kirby

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in shares of Kirby by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 168 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Kirby during the second quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Kirby in the 3rd quarter valued at approximately $30,000. ORG Partners LLC acquired a new position in Kirby in the 2nd quarter worth approximately $32,000. Finally, Opal Wealth Advisors LLC purchased a new position in Kirby during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Insider Buying and Selling

In related news, COO Christian G. O’neil sold 15,041 shares of the business’s stock in a transaction that occurred on 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 $1,006,980. The trade was a 66.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Grzebinski sold 26,358 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $120.46, for a total value of $3,175,084.68. Following the transaction, the chief executive officer now directly owns 63,399 shares of the company’s stock, valued at approximately $7,637,043.54. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,596 shares of company stock valued at $7,515,760 in the last three months. 1.50% of the stock is currently owned by corporate 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.