What is Zacks Research’s Forecast for Kirby Q4 Earnings?

Kirby Co. (NYSE:KEX) – Research analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for Kirby in a research note issued on Wednesday, November 13th. Zacks Research analyst S. Goswami now expects that the shipping company will post earnings of $1.28 per share for the quarter, down from their previous forecast of $1.37. The consensus estimate for Kirby’s current full-year earnings is $5.45 per share.

A number of other equities analysts have also issued reports on the company. Bank of America raised their price target on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a report 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

Kirby Trading Down 1.5 %

Shares of Kirby stock opened at $128.04 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. The company has a market capitalization of $7.35 billion, a P/E ratio of 24.58, a PEG ratio of 0.76 and a beta of 1.17. Kirby has a 1 year low of $72.11 and a 1 year high of $132.04. The company’s fifty day moving average is $122.45 and its two-hundred day moving average is $119.81.

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

Insider Buying and Selling at Kirby

In other news, VP Ronald A. Dragg sold 2,313 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $127.30, for a total value of $294,444.90. Following the completion of the transaction, the vice president now owns 7,683 shares in the company, valued at $978,045.90. This trade represents a 23.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Amy D. Husted sold 2,853 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were 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 owns 5,280 shares of the company’s stock, valued at $668,131.20. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,596 shares of company stock valued at $7,515,760. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kirby

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

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.