Kirby Co. (NYSE:KEX) – Analysts at Jefferies Group issued their FY2017 earnings per share estimates for shares of Kirby in a note issued to investors on Monday. Jefferies Group analyst R. Giveans forecasts that the shipping company will post earnings of $2.05 per share for the year. Jefferies Group has a “Buy” rating and a $85.00 price objective on the stock. Jefferies Group also issued estimates for Kirby’s Q4 2017 earnings at $0.54 EPS and FY2018 earnings at $2.40 EPS.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Kirby had a net margin of 5.88% and a return on equity of 4.48%. The company had revenue of $541.30 million for the quarter, compared to analyst estimates of $517.54 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The company’s revenue was up 24.5% on a year-over-year basis.

Several other research firms also recently commented on KEX. BidaskClub upgraded shares of Kirby from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Stifel Nicolaus restated a “hold” rating and issued a $67.00 price target on shares of Kirby in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $75.40.

Kirby (NYSE:KEX) opened at $66.85 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23. Kirby has a one year low of $59.25 and a one year high of $74.50. The company has a market cap of $3,916.12, a PE ratio of 31.09, a P/E/G ratio of 4.08 and a beta of 1.04.

Several hedge funds have recently added to or reduced their stakes in KEX. Aperio Group LLC grew its stake in shares of Kirby by 2.2% in the second quarter. Aperio Group LLC now owns 10,386 shares of the shipping company’s stock valued at $694,000 after acquiring an additional 222 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Kirby by 0.4% during the second quarter. Great West Life Assurance Co. Can now owns 27,882 shares of the shipping company’s stock worth $1,862,000 after buying an additional 117 shares in the last quarter. Sei Investments Co. grew its stake in Kirby by 18.2% during the second quarter. Sei Investments Co. now owns 25,646 shares of the shipping company’s stock worth $1,715,000 after buying an additional 3,957 shares in the last quarter. Arizona State Retirement System grew its stake in Kirby by 1.8% during the second quarter. Arizona State Retirement System now owns 22,800 shares of the shipping company’s stock worth $1,524,000 after buying an additional 400 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Kirby by 25.9% during the second quarter. Advisors Asset Management Inc. now owns 7,467 shares of the shipping company’s stock worth $499,000 after buying an additional 1,535 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

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About Kirby

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

Earnings History and Estimates for Kirby (NYSE:KEX)

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