Brokerages forecast that Kirby Co. (NYSE:KEX) will report earnings of $0.72 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Kirby’s earnings, with estimates ranging from $0.65 to $0.82. Kirby reported earnings of $0.67 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The company is expected to report its next earnings results on Wednesday, April 24th.

On average, analysts expect that Kirby will report full year earnings of $3.57 per share for the current year, with EPS estimates ranging from $3.35 to $3.75. For the next year, analysts expect that the firm will report earnings of $4.39 per share, with EPS estimates ranging from $3.70 to $5.10. Zacks’ EPS calculations are an average based on a survey of analysts that cover Kirby.

Kirby (NYSE:KEX) last posted its quarterly earnings results on Thursday, January 31st. The shipping company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.07. Kirby had a return on equity of 5.43% and a net margin of 2.64%. The firm had revenue of $721.49 million during the quarter, compared to the consensus estimate of $698.14 million.

A number of equities research analysts have issued reports on the company. ValuEngine raised Kirby from a “hold” rating to a “buy” rating in a research report on Friday, November 30th. Zacks Investment Research downgraded Kirby from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. Wells Fargo & Co set a $74.00 price target on Kirby and gave the company a “hold” rating in a research report on Saturday, February 2nd. TheStreet downgraded Kirby from a “b-” rating to a “c” rating in a research report on Thursday, January 31st. Finally, BTIG Research began coverage on Kirby in a research report on Friday, January 25th. They issued a “neutral” rating and a $67.40 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Kirby presently has a consensus rating of “Hold” and an average price target of $87.28.

In other news, VP Ronald A. Dragg sold 630 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $74.28, for a total value of $46,796.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Grzebinski sold 8,052 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $75.24, for a total value of $605,832.48. The disclosure for this sale can be found here. Insiders sold 27,876 shares of company stock valued at $2,081,911 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of KEX. Retirement Systems of Alabama lifted its stake in shares of Kirby by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 69,858 shares of the shipping company’s stock worth $4,706,000 after acquiring an additional 221 shares in the last quarter. American International Group Inc. lifted its stake in shares of Kirby by 0.3% in the fourth quarter. American International Group Inc. now owns 109,914 shares of the shipping company’s stock worth $7,404,000 after acquiring an additional 283 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Kirby by 1.1% in the fourth quarter. Arizona State Retirement System now owns 38,671 shares of the shipping company’s stock worth $2,605,000 after acquiring an additional 409 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Kirby by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 73,008 shares of the shipping company’s stock worth $4,918,000 after acquiring an additional 422 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Kirby by 10.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,808 shares of the shipping company’s stock worth $324,000 after acquiring an additional 439 shares in the last quarter. 95.12% of the stock is owned by institutional investors.

KEX stock traded up $0.92 during trading on Friday, reaching $73.80. 3,320 shares of the stock traded hands, compared to its average volume of 447,434. Kirby has a 52-week low of $60.63 and a 52-week high of $94.05. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market cap of $4.39 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08.

Kirby Company Profile

Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.

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Earnings History and Estimates for Kirby (NYSE:KEX)

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