News coverage about Kirby (NYSE:KEX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kirby earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news headlines about the shipping company an impact score of 46.9966522351554 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Kirby (NYSE:KEX) traded up $0.40 on Wednesday, reaching $74.00. 340,405 shares of the company’s stock traded hands, compared to its average volume of 482,627. Kirby has a 52 week low of $59.25 and a 52 week high of $75.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93. The firm has a market cap of $4,420.00, a PE ratio of 35.24, a PEG ratio of 3.90 and a beta of 1.04.
Kirby (NYSE:KEX) last announced its earnings results on Wednesday, November 1st. The shipping company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Kirby had a net margin of 5.88% and a return on equity of 4.48%. The company had revenue of $541.30 million for the quarter, compared to analysts’ expectations of $517.54 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. sell-side analysts predict that Kirby will post 2.04 EPS for the current year.
A number of research firms recently issued reports on KEX. Gabelli began coverage on shares of Kirby in a research note on Tuesday. They issued a “hold” rating and a $80.00 price target on the stock. Stephens reissued a “hold” rating and issued a $70.00 price target on shares of Kirby in a research note on Wednesday, January 10th. Zacks Investment Research cut shares of Kirby from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Jefferies Group began coverage on shares of Kirby in a research note on Monday, December 18th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $67.00 price target on shares of Kirby in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $75.29.
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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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