Equities analysts expect Kirby Co. (NYSE:KEX) to post $719.71 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Kirby’s earnings, with the highest sales estimate coming in at $732.40 million and the lowest estimate coming in at $703.80 million. Kirby reported sales of $704.85 million during the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The company is expected to issue its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Kirby will report full year sales of $2.96 billion for the current financial year, with estimates ranging from $2.90 billion to $3.03 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.08 billion, with estimates ranging from $2.88 billion to $3.21 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Kirby.

Kirby (NYSE:KEX) last announced its earnings results on Thursday, July 25th. The shipping company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.02). The company had revenue of $771.00 million during the quarter, compared to analysts’ expectations of $767.04 million. Kirby had a return on equity of 5.47% and a net margin of 3.70%. Kirby’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS.

A number of brokerages have recently commented on KEX. ValuEngine upgraded Kirby from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. TheStreet upgraded Kirby from a “c+” rating to a “b-” rating in a report on Wednesday, September 11th. Finally, Stephens upgraded Kirby from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $93.00 to $96.00 in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Kirby has an average rating of “Buy” and a consensus target price of $81.13.

Shares of Kirby stock traded down $0.52 on Tuesday, reaching $82.71. The company had a trading volume of 25,978 shares, compared to its average volume of 348,678. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 2.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.00 and a quick ratio of 1.19. The firm’s 50-day moving average price is $75.25 and its two-hundred day moving average price is $77.50. Kirby has a 1 year low of $60.63 and a 1 year high of $86.44.

In related news, VP Amy D. Husted sold 6,174 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $78.25, for a total transaction of $483,115.50. Following the completion of the transaction, the vice president now owns 20,545 shares in the company, valued at approximately $1,607,646.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph H. Reniers sold 9,075 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $82.17, for a total value of $745,692.75. Following the transaction, the insider now owns 30,576 shares of the company’s stock, valued at approximately $2,512,429.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,508 shares of company stock valued at $2,115,023. 1.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of KEX. Advisory Services Network LLC boosted its holdings in Kirby by 103.1% during the 2nd quarter. Advisory Services Network LLC now owns 325 shares of the shipping company’s stock valued at $26,000 after acquiring an additional 165 shares during the period. Carroll Financial Associates Inc. boosted its holdings in Kirby by 27.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 626 shares of the shipping company’s stock valued at $49,000 after acquiring an additional 134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kirby by 32.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 823 shares of the shipping company’s stock valued at $65,000 after acquiring an additional 201 shares during the period. Huntington National Bank boosted its holdings in Kirby by 10.1% during the 2nd quarter. Huntington National Bank now owns 1,663 shares of the shipping company’s stock valued at $131,000 after acquiring an additional 152 shares during the period. Finally, Callahan Advisors LLC purchased a new position in Kirby during the 2nd quarter valued at $201,000. Institutional investors own 94.67% of the company’s stock.

About Kirby

Kirby Corporation operates domestic tank barges in the United States. Its 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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