About Kirby Corporation
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Company, through its Marine Transportation segment, is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all the three United States coasts and in Alaska and Hawaii. Its engine services segment, sells replacement parts, provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Shipping
- Sub-Industry: Marine
- Exchange: NYSE
- Symbol: KEX
- CUSIP: 49726610
- Previous Close: $71.30
- 50 Day Moving Average: $66.78
- 200 Day Moving Average: $61.32
- 52-Week Range: $50.80 - $73.40
- Trailing P/E Ratio: 27.21
- Foreward P/E Ratio: 28.42
- P/E Growth: -2.05
- Market Cap: $3.84B
- Outstanding Shares: 53,854,000
- Beta: 1.09
- Net Margins: 7.99%
- Return on Equity: 6.01%
- Return on Assets: 3.37%
Companies Related to Kirby Corporation:
- Debt-to-Equity Ratio: 0.30%
- Current Ratio: 1.82%
- Quick Ratio: 1.26%
What is Kirby Corporation's stock symbol?
Kirby Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "KEX."
Where is Kirby Corporation's stock going? Where will Kirby Corporation's stock price be in 2017?
12 brokerages have issued 1 year price objectives for Kirby Corporation's stock. Their forecasts range from $46.00 to $80.00. On average, they anticipate Kirby Corporation's stock price to reach $63.00 in the next year.
When will Kirby Corporation announce their earnings?
Kirby Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, April, 25th 2017.
What are analysts saying about Kirby Corporation stock?
Here are some recent quotes from research analysts about Kirby Corporation stock:
According to Zacks Investment Research, "Kirby Corporation conducts operations in two business segments: marine transportation and diesel repair. The Company's marine transportation segment is engaged in the inland transportation of industrial chemicals, petrochemical feedstocks, agricultural chemicals and refined petroleum products by tank barge; and in the offshore transportation of refined petroleum products by tanker and tank barge, and dry-bulk, container and palletized cargoes by barge and break-bulk ship. The Company's diesel repair segment is engaged in the sale, overhaul and repair of diesel engines and related parts sales. " (1/17/2017)
Wells Fargo & Company analysts commented, "We looked at every competitor with at least 100 tank barges as potential M&A scenarios – ie. (names we think are large enough to move the needle for KEX), and narrowed it down to the 3-4 options we believe are the most viable. That list includes Ingram, Higman Marine, Blessey Marine Services, and American River Tankers – with Higman Marine making the most sense to us. Specifically, we screened for ownership structure, debt profile/balance sheet strength, market position/growth pipeline (is the firm currently expanding), and fleet size/diversification. Have Inland Pricing Dynamics Shifted Since Our July Downgrade? Not materially. We do not believe this summer’s flooding issues had a meaningful impact on pricing/available capacity, and all indications suggest that the inland barge market remains subdued near its July lows." (9/20/2016)
Credit Suisse Group analysts commented, "While we like KEXs competitive position (25+ percent share in core inland/coastal businesses) and the long-term outlook for the maritime business at 20x our 2017 EPS estimate (12 percent below consensus) we believe the upside/downside risk is skewed to the downside," analyst Gregory Lewis wrote in a note.Looking at refined product, chemicals and crude volumes, Lewis highlighted that tonnage on the river looks to be down 3–4 percent in the second quarter versus last year. Unsurprisingly, crude volumes were down more than 10 percent, but refined products volumes were also down about 10 percent. Meanwhile, chemicals rose about 10 percent.Related Link: Marathon Oil Has Significant Upside, Citi Raises TargetLewis, who maintains his price target of $60, said Kirby's pricing lags in both down and up markets, which means "if 2016 is the bottom in inland pricing the earnings bottom is not until 2017."Without a pickup in Coastal or DES, 2017 earnings could look a lot like 2016."Pricing Pressures Moving ForwardLewis noted that the company may face pricing pressures due to the lifting of the ban on U.S. crude exports that has put downward pressure on the U.S. Jones Act tanker market (down 20–30 percent). Although Kirby's coastal fleet utilization is expected to remain in the 90 percent range, the analyst said competition from larger Jones Act tankers could weigh on pricing."We expect some older coastal barge tonnage to eventually be scrapped but that does not happen in a strong market. The market will re-balance but that will take time," Lewis continued.Meanwhile, shares of Kirby were up 10 percent since first quarter earnings where they cut guidance 8 percent. Kirby has outperformed the DJ Transport Index (6 percent weighting) by 1200bps since the first quarter earnings. "Despite our bullish outlook for a 2H17 pressure pumping recovery (both utilization and pricing) DES only represents 20 percent of KEX business in the best of times," (6/21/2016)
Who owns Kirby Corporation stock?
Kirby Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include Atlanta Capital Management Co. L L C (7.62%), Baillie Gifford & Co. (5.96%), Artisan Partners Limited Partnership (0.00%), Dimensional Fund Advisors LP (0.00%), State Street Corp (0.00%) and Fiduciary Management Inc. WI (2.55%). Company insiders that own Kirby Corporation stock include Amy D Husted, Christian G O'neil, David R Mosley, Dorman Lynn Strahan, James F Farley, Joseph H Reniers, Monte J Miller, Renato A Castro, William G Ivey, William M Lamont Jr and William M Lamont, Jr.
Who sold Kirby Corporation stock? Who is selling Kirby Corporation stock?
Kirby Corporation's stock was sold by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Artisan Partners Limited Partnership, Royce & Associates LP, State Street Corp, Atlanta Capital Management Co. L L C, Dimensional Fund Advisors LP, S&T Bank PA and Baillie Gifford & Co.. Company insiders that have sold Kirby Corporation stock in the last year include Amy D Husted, Christian G O'neil, David R Mosley, Dorman Lynn Strahan, James F Farley, Joseph H Reniers, Monte J Miller, Renato A Castro, William G Ivey and William M Lamont Jr.
Who bought Kirby Corporation stock? Who is buying Kirby Corporation stock?
Kirby Corporation's stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, Arrowpoint Asset Management LLC, Russell Investments Group Ltd., Thrivent Financial for Lutherans, Elkfork Partners LLC, Marshall Wace LLP, Fiduciary Management Inc. WI and Hodges Capital Management Inc..
How do I buy Kirby Corporation stock?
Shares of Kirby Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Kirby Corporation stock cost?
One share of Kirby Corporation stock can currently be purchased for approximately $71.90.