Kirby (KEX) to Release Quarterly Earnings on Thursday

Kirby (NYSE:KEXGet Free Report) is anticipated to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Kirby to post earnings of $1.30 per share and revenue of $804,060.00 billion for the quarter. Investors 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The business had revenue of $831.10 million for the quarter, compared to the consensus estimate of $824.42 million. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior 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 Stock Down 2.4 %

KEX stock opened at $106.49 on Tuesday. Kirby has a one year low of $78.57 and a one year high of $132.21. The stock has a market capitalization of $6.11 billion, a P/E ratio of 20.44, a PEG ratio of 0.55 and a beta of 1.21. The company has a 50 day moving average price of $114.03 and a two-hundred day moving average price of $118.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One investment 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 company has an average rating of “Moderate Buy” and an average price target of $123.80.

Get Our Latest Research Report on Kirby

Insider Activity at Kirby

In related news, VP Ronald A. Dragg sold 2,313 shares of the firm’s 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 transaction, the vice president now owns 7,683 shares in the company, valued at approximately $978,045.90. This trade represents a 23.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Ross Stewart sold 8,000 shares of Kirby stock in a transaction that occurred 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 directly owns 15,488 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 25,354 shares of company stock worth $3,275,455. 1.50% of the stock is owned by 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.

See Also

Earnings History for Kirby (NYSE:KEX)

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