Kirby (KEX) Projected to Post Earnings on Thursday

Kirby (NYSE:KEX) is expected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $1.30 per share and revenue of $804.06 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Kirby (NYSE:KEX) last announced its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share 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 company had revenue of $831.10 million for the quarter, compared to analysts’ expectations of $824.42 million. During the same period last year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 8.7% 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 Stock Performance

Shares of Kirby stock opened at $105.76 on Wednesday. The stock’s fifty day simple moving average is $113.15 and its 200 day simple moving average is $118.06. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $6.07 billion, a PE ratio of 20.30, a PEG ratio of 0.55 and a beta of 1.21. Kirby has a 12 month low of $78.57 and a 12 month high of $132.21.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, COO Christian G. O’neil sold 15,041 shares of Kirby stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $130.00, for a total value of $1,955,330.00. Following the sale, the chief operating officer now directly owns 7,746 shares in the company, valued at $1,006,980. This trade represents a 66.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Ross Stewart sold 8,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the transaction, the director now owns 15,488 shares of the company’s stock, valued at $1,985,716.48. The trade was a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,354 shares of company stock worth $3,275,455 over the last three months. Corporate insiders own 1.50% of the company’s stock.

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.