Kirby (KEX) to Release Earnings on Thursday

Kirby (NYSE:KEX) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Kirby to post earnings of $0.97 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, February 1st. The shipping company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01. The business had revenue of $799.18 million during the quarter, compared to analysts’ expectations of $778.70 million. Kirby had a return on equity of 7.12% and a net margin of 7.21%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. On average, analysts expect Kirby to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Kirby Stock Performance

NYSE KEX opened at $95.08 on Thursday. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.64 and a beta of 1.21. Kirby has a twelve month low of $66.42 and a twelve month high of $101.17. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $90.58 and a 200 day moving average of $82.68.

Analyst Upgrades and Downgrades

KEX has been the subject of a number of analyst reports. Stephens reaffirmed an “overweight” rating and issued a $105.00 price target on shares of Kirby in a report on Monday, February 5th. BTIG Research upped their price target on Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, StockNews.com raised Kirby from a “hold” rating to a “buy” rating in a report on Tuesday.

Insider Buying and Selling at Kirby

In other Kirby news, VP Scott P. Miller sold 1,828 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $79.60, for a total transaction of $145,508.80. Following the completion of the transaction, the vice president now owns 1,000 shares of the company’s stock, valued at $79,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Scott P. Miller sold 487 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $99.78, for a total value of $48,592.86. Following the completion of the sale, the vice president now directly owns 1,000 shares in the company, valued at $99,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott P. Miller sold 1,828 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $79.60, for a total value of $145,508.80. Following the completion of the sale, the vice president now owns 1,000 shares of the company’s stock, valued at $79,600. The disclosure for this sale can be found here. Insiders sold 56,418 shares of company stock valued at $4,932,521 over the last quarter. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kirby

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Kirby by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,097,723 shares of the shipping company’s stock valued at $478,549,000 after purchasing an additional 81,808 shares in the last quarter. BlackRock Inc. grew its position in shares of Kirby by 0.3% in the first quarter. BlackRock Inc. now owns 5,313,776 shares of the shipping company’s stock valued at $370,370,000 after purchasing an additional 14,447 shares in the last quarter. Morgan Stanley grew its position in shares of Kirby by 923.2% in the fourth quarter. Morgan Stanley now owns 4,248,727 shares of the shipping company’s stock valued at $273,406,000 after purchasing an additional 3,833,471 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Kirby by 3.1% in the first quarter. Wellington Management Group LLP now owns 2,022,078 shares of the shipping company’s stock valued at $145,974,000 after purchasing an additional 59,862 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Kirby by 2.7% in the second quarter. Macquarie Group Ltd. now owns 1,931,770 shares of the shipping company’s stock worth $117,528,000 after acquiring an additional 49,905 shares during the period. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

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.