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
Industry Water transportation
Sub-IndustryMarine
SectorTransportation
SymbolNYSE:KEX
CUSIP49726610
Phone713-435-1000
Debt
Debt-to-Equity Ratio0.45
Current Ratio1.99
Quick Ratio1.29
Price-To-Earnings
Trailing P/E Ratio41.17
Forward P/E Ratio28.32
P/E Growth2.07
Sales & Book Value
Annual Sales$2.21 billion
Price / Sales2.28
Cash Flow$5.8856 per share
Price / Cash14.34
Book Value$52.17 per share
Price / Book1.62
Profitability
EPS (Most Recent Fiscal Year)$2.05
Net Income$313.18 million
Net Margins12.91%
Return on Equity4.35%
Return on Assets2.49%
Miscellaneous
Employees5,775
Outstanding Shares59,700,000
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 results on Wednesday, April, 25th. The shipping company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.59 by $0.08. The shipping company had revenue of $741.70 million for the quarter, compared to the consensus estimate of $690.64 million. Kirby had a net margin of 12.91% and a return on equity of 4.35%. The firm's quarterly revenue was up 50.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. 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 FY18 earnings guidance on Wednesday, April, 25th. The company provided earnings per share (EPS) guidance of $2.50-$3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.86. Kirby also updated its Q2 guidance to $0.60-$0.80 EPS.
What price target have analysts set for KEX?
9 brokers have issued 1-year target prices for Kirby's stock. Their forecasts range from $69.00 to $103.00. On average, they expect Kirby's share price to reach $85.25 in the next twelve months. View Analyst Ratings for Kirby.
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, L.P. Common Stock (TGP), Golden Ocean Group (GOGL), Golar LNG Partners (GMLP), Teekay Offshore Partners (TOO), GasLog Partners LP Unit (GLOP), Kenon (KEN), KNOT Offshore Partners (KNOP), Tidewater (TDW), International Seaways (INSW) and Hoegh LNG Partners (HMLP).
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)
Has Kirby been receiving favorable news coverage?
Press coverage about KEX stock has been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kirby earned a media sentiment score of 0.18 on Accern's scale. They also gave news articles about the shipping company an impact score of 46.81 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Kirby's major shareholders?
Kirby's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.10%), Atlanta Capital Management Co. L L C (7.37%), Baillie Gifford & Co. (5.20%), Diamond Hill Capital Management Inc. (4.07%), Dimensional Fund Advisors LP (3.64%) and King Luther Capital Management Corp (3.25%). 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 institutional investors are selling Kirby stock?
KEX stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, FIL Ltd, Dimensional Fund Advisors LP, Diamond Hill Capital Management Inc., Artisan Partners Limited Partnership, Guggenheim Capital LLC, Royal Bank of Canada and Atlanta Capital Management Co. L L C. 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 institutional investors are buying Kirby stock?
KEX stock was acquired by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Arosa Capital Management LP, King Luther Capital Management Corp, Monarch Partners Asset Management LLC, Crestwood Capital Management L.P., BlackRock Inc., Point72 Asset Management L.P. and Thrivent Financial for Lutherans. 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 $84.40.
How big of a company is Kirby?
Kirby has a market capitalization of $5.05 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.
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 (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.
