Zacks Research Issues Optimistic Forecast for Kirby Earnings

Kirby Co. (NYSE:KEX - Free Report) - Zacks Research lifted their FY2025 earnings estimates for shares of Kirby in a research note issued on Thursday, May 15th. Zacks Research analyst S. Goswami now anticipates that the shipping company will post earnings of $6.43 per share for the year, up from their prior forecast of $6.39. The consensus estimate for Kirby's current full-year earnings is $6.57 per share. Zacks Research also issued estimates for Kirby's Q3 2026 earnings at $1.96 EPS, FY2026 earnings at $7.16 EPS, Q1 2027 earnings at $1.57 EPS and FY2027 earnings at $7.24 EPS.

Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The shipping company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.06. The firm had revenue of $785.66 million during the quarter, compared to analyst estimates of $824.12 million. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 EPS.

Several other brokerages have also issued reports on KEX. Stifel Nicolaus cut their target price on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Bank of America upped their target price on shares of Kirby from $116.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, May 16th.

Kirby Price Performance

Shares of KEX traded up $0.39 during mid-day trading on Monday, reaching $107.58. 488,168 shares of the stock traded hands, compared to its average volume of 540,806. The firm has a fifty day moving average price of $100.08 and a 200 day moving average price of $107.23. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. Kirby has a 1 year low of $83.94 and a 1 year high of $132.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC bought a new stake in Kirby in the fourth quarter worth $25,000. Colonial Trust Co SC lifted its stake in Kirby by 295.3% in the fourth quarter. Colonial Trust Co SC now owns 253 shares of the shipping company's stock worth $27,000 after purchasing an additional 189 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Kirby in the first quarter worth $28,000. KBC Group NV bought a new stake in Kirby in the first quarter worth $32,000. Finally, UMB Bank n.a. lifted its stake in Kirby by 147.2% in the first quarter. UMB Bank n.a. now owns 351 shares of the shipping company's stock worth $35,000 after purchasing an additional 209 shares during the last quarter. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

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.