Kirby Corporation (NYSE:KEX) – Research analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for Kirby Corporation in a note issued to investors on Thursday. Jefferies Group analyst D. Mavrinac expects that the shipping company will post earnings per share of $2.05 for the year. Jefferies Group currently has a “Buy” rating and a $85.00 target price on the stock. Jefferies Group also issued estimates for Kirby Corporation’s Q4 2017 earnings at $0.54 EPS and FY2018 earnings at $2.40 EPS.
Kirby Corporation (NYSE:KEX) last released its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Kirby Corporation had a return on equity of 4.68% and a net margin of 5.88%. The company had revenue of $541.30 million for the quarter, compared to analyst estimates of $517.54 million. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year.
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Several other research firms have also recently commented on KEX. Stifel Nicolaus restated a “hold” rating and set a $67.00 target price on shares of Kirby Corporation in a research report on Friday. BidaskClub upgraded Kirby Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Zacks Investment Research cut Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Cowen and Company restated a “hold” rating and set a $70.00 target price on shares of Kirby Corporation in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.43.
Shares of Kirby Corporation (NYSE KEX) opened at $66.05 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.24. The company has a market cap of $3,626.44, a PE ratio of 31.83, a price-to-earnings-growth ratio of 4.19 and a beta of 1.07.
Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank boosted its holdings in shares of Kirby Corporation by 11.3% in the 2nd quarter. Huntington National Bank now owns 2,453 shares of the shipping company’s stock worth $164,000 after purchasing an additional 249 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Kirby Corporation in the 2nd quarter worth about $204,000. Koch Industries Inc. bought a new stake in shares of Kirby Corporation in the 2nd quarter valued at about $216,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Kirby Corporation in the 2nd quarter valued at about $233,000. Finally, World Asset Management Inc lifted its stake in shares of Kirby Corporation by 12.7% in the 2nd quarter. World Asset Management Inc now owns 3,718 shares of the shipping company’s stock valued at $249,000 after acquiring an additional 418 shares during the last quarter.
About Kirby Corporation
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.
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