Kirby Corp. (NYSE:KEX) – Stock analysts at Seaport Global Securities issued their Q4 2016 earnings per share (EPS) estimates for shares of Kirby Corp. in a research note issued to investors on Thursday. Seaport Global Securities analyst K. Sterling forecasts that the firm will post earnings per share of $0.48 for the quarter. Seaport Global Securities currently has a “Neutral” rating and a $55.00 target price on the stock. Seaport Global Securities also issued estimates for Kirby Corp.’s Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.53 EPS and Q3 2018 earnings at $0.58 EPS.

Kirby Corp. (NYSE:KEX) last posted its earnings results on Wednesday, October 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. Kirby Corp. had a return on equity of 6.85% and a net margin of 8.78%. The business earned $434.70 million during the quarter, compared to analyst estimates of $274.21 million. During the same quarter last year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was down 18.4% compared to the same quarter last year.

Earnings History and Estimates for Kirby Corp. (NYSE:KEX)

Other equities analysts have also recently issued reports about the company. Jefferies Group restated a “buy” rating on shares of Kirby Corp. in a report on Monday, September 12th. Vetr upgraded Kirby Corp. from a “sell” rating to a “hold” rating and set a $53.00 price target on the stock in a report on Thursday, July 28th. Zacks Investment Research upgraded Kirby Corp. from a “strong sell” rating to a “hold” rating and set a $66.00 price target on the stock in a report on Monday, September 26th. Stifel Nicolaus lifted their price target on Kirby Corp. from $50.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, September 28th. Finally, RBC Capital Markets upgraded Kirby Corp. from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $55.00 to $68.00 in a report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $61.31.

Shares of Kirby Corp. (NYSE:KEX) opened at 62.15 on Friday. Kirby Corp. has a 1-year low of $44.63 and a 1-year high of $73.25. The stock has a 50 day moving average price of $60.07 and a 200-day moving average price of $61.14. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 21.00 and a beta of 1.03.

Several hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in shares of Kirby Corp. by 13.3% in the second quarter. Teacher Retirement System of Texas now owns 1,882 shares of the company’s stock worth $117,000 after buying an additional 221 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Kirby Corp. by 8.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,500 shares of the company’s stock worth $156,000 after buying an additional 205 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Kirby Corp. by 9.7% in the second quarter. Advisors Asset Management Inc. now owns 2,704 shares of the company’s stock valued at $169,000 after buying an additional 238 shares in the last quarter. LS Investment Advisors LLC boosted its position in Kirby Corp. by 71.7% in the second quarter. LS Investment Advisors LLC now owns 3,322 shares of the company’s stock valued at $207,000 after buying an additional 1,387 shares in the last quarter. Finally, Huntington National Bank boosted its position in Kirby Corp. by 66.4% in the second quarter. Huntington National Bank now owns 3,317 shares of the company’s stock valued at $207,000 after buying an additional 1,324 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

About Kirby Corp.

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Company, through its Marine Transportation segment, is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all the three United States coasts and in Alaska and Hawaii.

5 Day Chart for NYSE:KEX

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