Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The 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. This segment also transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barge and tugboat units that are engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade. It serves oil refining and petrochemical companies. As of February 23, 2018, this segment owned or operated 998 inland tank barges with 22.0 million barrels of capacity, 302 inland towboats, 56 coastal tank barges with 5.4 million barrels of capacity, 53 coastal tugboats, 5 offshore dry-bulk cargo barges, 5 offshore tugboats, and 1 docking tugboat. The Distribution and Services segment sells replacement parts; provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, and related oilfield services equipment; rebuilds component parts or diesel engines, transmissions, reduction gears, and related equipment used in oilfield services, marine, mining, power generation, on-highway, and other industrial applications; rents generators, fork lifts, and pumps and compressors; and manufactures and remanufactures pressure pumping units. It serves oilfield service, on-highway transportation, marine transportation, construction, and power generation companies, and the United States government. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Water transportation
Sub-IndustryMarine
SectorTransportation
Current SymbolNYSE:KEX
Previous Symbol
CUSIP49726610
Phone713-435-1000
Debt
Debt-to-Equity Ratio0.43
Current Ratio1.86
Quick Ratio1.06
Price-To-Earnings
Trailing P/E Ratio27.77
Forward P/E Ratio25.27
P/E Growth1.99
Sales & Book Value
Annual Sales$2.21 billion
Price / Sales1.93
Cash Flow$5.6235 per share
Price / Cash12.67
Book Value$54.01 per share
Price / Book1.32
Profitability
EPS (Most Recent Fiscal Year)$2.05
Net Income$313.18 million
Net Margins11.30%
Return on Equity5.05%
Return on Assets2.84%
Miscellaneous
Employees5,775
Outstanding Shares59,870,000
Market Cap$4.47 billion
OptionableOptionable
Kirby (NYSE:KEX) Frequently Asked Questions
What is Kirby's stock symbol?
Kirby trades on the New York Stock Exchange (NYSE) under the ticker symbol "KEX."
How were Kirby's earnings last quarter?
Kirby Co. (NYSE:KEX) announced its quarterly earnings data on Thursday, October, 25th. The shipping company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.64 by $0.06. The shipping company earned $704.85 million during the quarter, compared to analyst estimates of $780.20 million. Kirby had a net margin of 11.30% and a return on equity of 5.05%. View Kirby's Earnings History.
When is Kirby's next earnings date?
What guidance has Kirby issued on next quarter's earnings?
Kirby issued an update on its FY 2018 earnings guidance on Thursday, October, 25th. The company provided EPS guidance of $2.70-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.73. Kirby also updated its Q4 2018 guidance to $0.55-0.75 EPS.
What price target have analysts set for KEX?
8 analysts have issued 12 month price objectives for Kirby's shares. Their forecasts range from $69.00 to $103.00. On average, they expect Kirby's share price to reach $88.2857 in the next twelve months. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets for Kirby.
What is the consensus analysts' recommendation for Kirby?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kirby in the last year. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Kirby.
Has Kirby been receiving favorable news coverage?
News headlines about KEX stock have been trending somewhat positive recently, InfoTrie reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Kirby earned a daily sentiment score of 1.1 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term.
Who are some of Kirby's key competitors?
Some companies that are related to Kirby include Carnival (CUK), Brookfield Infrastructure Partners (BIP), Golar LNG (GLNG), Matson (MATX), GasLog (GLOG), Teekay Lng Partners (TGP), GasLog Partners LP Unit (GLOP), Golden Ocean Group (GOGL), Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), Tidewater (TDW), KNOT Offshore Partners (KNOP), Hoegh LNG Partners (HMLP), International Seaways (INSW) and Nordic American Tanker (NAT).
Who are Kirby's key executives?
Kirby's management team includes the folowing people:
- Mr. David W. Grzebinski C.F.A., Pres, CEO & Director (Age 57)
- Mr. Joseph H. Reniers, Pres of Kirby Distribution & Services, Inc. (Age 43)
- Mr. William G. Harvey, Exec. VP of Fin. & CFO (Age 60)
- Mr. Ronald A. Dragg, VP, Controller, Assistant Sec. & Principal Accounting Officer (Age 54)
- Mr. David R. Mosley, VP & Chief Information Officer (Age 53)
Who are Kirby's major shareholders?
Kirby's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (9.52%), BlackRock Inc. (8.46%), Atlanta Capital Management Co. L L C (7.42%), Diamond Hill Capital Management Inc. (3.56%), King Luther Capital Management Corp (3.40%) and Dimensional Fund Advisors LP (2.95%). Company insiders that own Kirby stock include Amy D Husted, Christian G O'neil, David R Mosley, Dorman Lynn Strahan, J H Pyne, Joseph H Reniers, Monte J Miller, Renato A Castro, Richard J Alario, Ronald A Dragg, William G Ivey and William M Waterman. View Institutional Ownership Trends for Kirby.
Which major investors are selling Kirby stock?
KEX stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Thrivent Financial for Lutherans, Dimensional Fund Advisors LP, Teachers Advisors LLC, North Star Investment Management Corp., S&T Bank PA, TIAA CREF Investment Management LLC and Wells Fargo & Company MN. Company insiders that have sold Kirby company stock in the last year include Amy D Husted, Christian G O'neil, David R Mosley, Dorman Lynn Strahan, J H Pyne, Joseph H Reniers, Monte J Miller, Renato A Castro, Richard J Alario, Ronald A Dragg and William M Waterman. View Insider Buying and Selling for Kirby.
Which major investors are buying Kirby stock?
KEX stock was purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Capital International Investors, Scopus Asset Management L.P., Diamond Hill Capital Management Inc., Mitsubishi UFJ Trust & Banking Corp, Canada Pension Plan Investment Board, BlackRock Inc. and JPMorgan Chase & Co.. View Insider Buying and Selling for Kirby.
How do I buy shares of Kirby?
Shares of KEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kirby's stock price today?
One share of KEX stock can currently be purchased for approximately $71.25.
How big of a company is Kirby?
Kirby has a market capitalization of $4.54 billion and generates $2.21 billion in revenue each year. The shipping company earns $313.18 million in net income (profit) each year or $2.05 on an earnings per share basis. Kirby employs 5,775 workers across the globe.
What is Kirby's official website?
How can I contact Kirby?
Kirby's mailing address is 55 WAUGH DRIVE SUITE 1000, HOUSTON TX, 77251. The shipping company can be reached via phone at 713-435-1000 or via email at [email protected]
MarketBeat Community Rating for Kirby (NYSE KEX)
MarketBeat's community ratings are surveys of what our community members think about Kirby and other stocks. Vote "Outperform" if you believe KEX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KEX will underperform the S&P 500 over the long term. You may vote once every thirty days.
