Kirby (KEX) Set to Announce Earnings on Wednesday

Kirby (NYSE:KEX) will issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.47 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Kirby (NYSE:KEX) last posted its quarterly earnings data 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. Kirby had a net margin of 8.72% and a return on equity of 8.70%. The business had revenue of $824.40 million during the quarter, compared to analysts’ expectations of $821.65 million. During the same quarter in the prior year, the business posted $0.95 earnings per share. Kirby’s revenue was up 6.1% compared to the same quarter last year. 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 0.6 %

KEX opened at $124.78 on Tuesday. Kirby has a twelve month low of $72.11 and a twelve month high of $130.90. The company has a 50-day simple moving average of $120.63 and a 200 day simple moving average of $117.62. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 0.75 and a beta of 1.17.

Insider Buying and Selling

In related news, COO Christian G. O’neil sold 2,770 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $110.21, for a total value of $305,281.70. Following the transaction, the chief operating officer now directly owns 16,079 shares in the company, valued at $1,772,066.59. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO David W. Grzebinski sold 26,358 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $120.46, for a total transaction of $3,175,084.68. Following the completion of the sale, the chief executive officer now directly owns 63,399 shares of the company’s stock, valued at $7,637,043.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Christian G. O’neil sold 2,770 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $110.21, for a total value of $305,281.70. Following the sale, the chief operating officer now directly owns 16,079 shares of the company’s stock, valued at approximately $1,772,066.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,012 shares of company stock worth $5,571,267 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

KEX has been the subject of several research analyst reports. Bank of America boosted their target price on Kirby from $138.00 to $141.00 and gave the stock 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 research 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, Kirby currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

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.