Brokerage firms forecast Kirby Co. (NYSE: KEX) to report earnings per share of $ 0.12
Brokerages expect Kirby Co. (NYSE: KEX) to report earnings of $ 0.12 per share for the current fiscal quarter, according to Zacks. Two analysts released estimates for Kirby’s earnings, with the lowest EPS estimate at $ 0.08 and the highest estimate at $ 0.17. Kirby posted earnings per share of $ 0.42 in the same quarter last year, which would indicate a negative year-over-year growth rate of 71.4%. The company is expected to release its next earnings report on Thursday, July 29.
On average, analysts expect Kirby to report annual earnings of $ 1.01 per share for the current fiscal year, with EPS estimates ranging from $ 0.85 to $ 1.30. For the next fiscal year, analysts expect the company to report earnings of $ 2.49 per share, with EPS estimates ranging from $ 2.09 to $ 2.80. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts who follow Kirby.
Kirby (NYSE: KEX) last reported its quarterly results on Thursday, April 29. The shipping company reported ($ 0.06) earnings per share for the quarter, missing analyst consensus estimates of $ 0.11 per ($ 0.17). Kirby had a return on equity of 2.32% and a net margin of 3.52%. The company posted revenue of $ 496.85 million for the quarter, compared to $ 474.03 million expected by analysts. During the same period last year, the company posted earnings per share of $ 0.59. The company’s revenue for the quarter was down 22.8% year-on-year.
A number of stock analysts have weighed on KEX shares. Zacks Investment Research downgraded Kirby from a “sell” rating to a “conservation” rating and set a price target of $ 69.00 for the company in a report released on Tuesday, June 15. Gabelli reaffirmed a “conservation” note on Kirby’s actions in a research report on Thursday, May 13. G.Research downgraded Kirby from a “buy” rating to a “wait” rating in a report released on Friday, May 7. Finally, Jefferies Financial Group raised its price target on Kirby from $ 48.00 to $ 58.00 and gave the stock a “hold” rating in a report released on Thursday, April 29. Five research analysts rated the stock with a conservation rating and one assigned a buy rating to the company. The stock currently has an average hold rating and a consensus target price of $ 57.25.
Meanwhile, CEO David W. Grzebinski sold 3,000 Kirby shares in a transaction that took place on Monday, May 17. The stock was sold for an average price of $ 69.59, for a total trade of $ 208,770.00. Following the sale, the CEO now owns 63,836 shares of the company, valued at $ 4,442,347.24. The transaction was disclosed in a file with the SEC, accessible through this link. Additionally, Vice President Scott P. Miller sold 607 shares of the company in a trade that took place on Monday, May 3. The stock was sold for an average price of $ 66.02, for a total value of $ 40,074.14. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 28,607 shares of the company valued at $ 1,901,594. 1.80% of the capital is currently held by insiders.
A number of institutional investors have recently changed their positions in KEX. Eudaimonia Partners LLC acquired a new stake in Kirby in the 4th quarter for a value of approximately $ 26,000. Bessemer Group Inc. increased its position in Kirby shares by 25.5% in the first quarter. Bessemer Group Inc. now owns 816 shares of the shipping company valued at $ 50,000 after acquiring 166 additional shares in the last quarter. Captrust Financial Advisors increased its position in Kirby shares by 434.6% in the 1st quarter. Captrust Financial Advisors now owns 850 shares of the shipping company valued at $ 51,000 after acquiring 691 additional shares in the last quarter. World Asset Management Inc acquired a new position in Kirby in the 1st quarter valued at approximately $ 206,000. Finally, Profund Advisors LLC purchased a new position in Kirby during the 1st quarter valued at approximately $ 219,000. 94.41% of the shares are currently held by hedge funds and other institutional investors.
NYSE KEX shares traded up $ 1.89 on Monday, reaching $ 63.58. The company had a trading volume of 180,173 shares, compared to its average volume of 402,785. The company has a leverage ratio of 0.44, a current ratio of 2.11 and a rapid ratio of 1.39 . Kirby has a 12-month low of $ 35.10 and a 12-month high of $ 70.60. The company has a market cap of $ 3.82 billion, a price / earnings ratio of 53.43, a P / E / G ratio of 4.59, and a beta of 1.47. The company has a 50-day moving average price of $ 65.14.
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation and towing services for vessels carrying bulk liquid products, as well as tank barges throughout the Mississippi River system, on the Gulf Intracoastal Waterway, along the coast on along three coasts of the United States, as well as in Alaska and Hawaii.
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