FY2025 Earnings Estimate for Kirby Issued By Zacks Research

Key Points

• Zacks Research raised its FY2025 earnings per share estimate for Kirby Corporation to $6.32, slightly up from $6.31, while maintaining a "Hold" rating on the stock.
• Bank of America reduced its price target on Kirby shares from $110.00 to $107.00 but still carries a "buy" rating, with a consensus target price of $121.00.
• Kirby recently reported a quarterly EPS of $1.67, exceeding the consensus estimate of $1.59, with revenue growth of 3.8% year-over-year.

Kirby Corporation (NYSE:KEX - Free Report) - Research analysts at Zacks Research increased their FY2025 earnings estimates for Kirby in a research report issued to clients and investors on Thursday, September 4th. Zacks Research analyst Team now anticipates that the shipping company will post earnings of $6.32 per share for the year, up from their prior estimate of $6.31. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Kirby's current full-year earnings is $6.57 per share.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The shipping company reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.08. The firm had revenue of $855.46 million during the quarter, compared to analysts' expectations of $851.94 million. Kirby had a net margin of 9.25% and a return on equity of 10.02%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share.

Separately, Bank of America decreased their price target on shares of Kirby from $110.00 to $107.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

Kirby Stock Down 2.2%

Kirby stock traded down $1.91 during trading on Monday, reaching $86.09. The stock had a trading volume of 858,640 shares, compared to its average volume of 888,829. Kirby has a 52-week low of $83.94 and a 52-week high of $132.21. The business has a 50 day moving average price of $103.29 and a 200 day moving average price of $103.73. The company has a quick ratio of 1.12, a current ratio of 1.74 and a debt-to-equity ratio of 0.33. The stock has a market cap of $4.80 billion, a PE ratio of 16.27, a P/E/G ratio of 0.90 and a beta of 1.09.

Institutional Trading of Kirby

Several institutional investors and hedge funds have recently bought and sold shares of KEX. Osaic Holdings Inc. raised its position in Kirby by 39.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,496 shares of the shipping company's stock worth $510,000 after buying an additional 1,269 shares during the last quarter. American Trust purchased a new position in Kirby during the 2nd quarter worth $264,000. Orion Porfolio Solutions LLC raised its position in Kirby by 11.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,324 shares of the shipping company's stock worth $2,872,000 after buying an additional 2,615 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Kirby by 0.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 46,824 shares of the shipping company's stock worth $5,310,000 after buying an additional 344 shares during the last quarter. Finally, Hudson Bay Capital Management LP raised its position in Kirby by 100.8% during the 2nd quarter. Hudson Bay Capital Management LP now owns 200,507 shares of the shipping company's stock worth $22,739,000 after buying an additional 100,645 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.

About Kirby

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.