Kirby (KEX) Scheduled to Post Quarterly Earnings on Thursday

Kirby (NYSE:KEX - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Kirby (NYSE:KEX - Get Free Report) last released its earnings results 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. Kirby had a return on equity of 7.12% and a net margin of 7.21%. The firm had revenue of $799.18 million for the quarter, compared to the consensus estimate of $778.70 million. During the same period in the prior year, the firm earned $0.67 EPS. The firm's revenue was up 9.5% on a year-over-year basis. 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

Shares of NYSE KEX traded down $0.15 during mid-day trading on Thursday, hitting $94.93. The stock had a trading volume of 238,841 shares, compared to its average volume of 386,074. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.68. The company has a 50 day moving average of $90.80 and a two-hundred day moving average of $82.76. Kirby has a twelve month low of $66.42 and a twelve month high of $101.17. The firm has a market cap of $5.56 billion, a PE ratio of 25.69, a PEG ratio of 1.63 and a beta of 1.21.

Insider Activity at Kirby

In related news, VP Scott P. Miller sold 1,828 shares of the firm's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $79.60, for a total value of $145,508.80. Following the transaction, the vice president now directly owns 1,000 shares of the company's stock, valued at approximately $79,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Kirby news, VP Scott P. Miller sold 1,828 shares of the firm'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 transaction, the vice president now directly owns 1,000 shares of the company's stock, valued at approximately $79,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ronald A. Dragg sold 1,413 shares of the firm's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $84.68, for a total transaction of $119,652.84. Following the completion of the transaction, the vice president now directly owns 10,651 shares in the company, valued at $901,926.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,418 shares of company stock valued at $4,932,521. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Kirby

Institutional investors have recently made changes to their positions in the company. Coppell Advisory Solutions Corp. purchased a new stake in shares of Kirby during the 4th quarter valued at approximately $45,000. Point72 Hong Kong Ltd purchased a new stake in shares of Kirby during the 1st quarter valued at approximately $47,000. State of Wyoming raised its position in shares of Kirby by 327.3% during the 4th quarter. State of Wyoming now owns 1,722 shares of the shipping company's stock valued at $111,000 after buying an additional 1,319 shares during the period. Meeder Asset Management Inc. increased its holdings in Kirby by 59.7% in the 4th quarter. Meeder Asset Management Inc. now owns 1,929 shares of the shipping company's stock valued at $124,000 after purchasing an additional 721 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in Kirby in the 1st quarter valued at approximately $201,000. Hedge funds and other institutional investors own 96.15% of the company's stock.

Wall Street Analysts Forecast Growth

KEX has been the topic of several research reports. StockNews.com raised Kirby from a "hold" rating to a "buy" rating in a research report on Tuesday. BTIG Research increased their price target on Kirby from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. Finally, Stephens reaffirmed an "overweight" rating and set a $105.00 price target on shares of Kirby in a research report on Monday, February 5th.

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.