Kirby Co. (NYSE:KEX) – Stock analysts at Seaport Global Securities increased their Q1 2018 earnings per share estimates for shares of Kirby in a report issued on Thursday, according to Zacks Investment Research. Seaport Global Securities analyst K. Sterling now anticipates that the shipping company will post earnings per share of $0.53 for the quarter, up from their prior estimate of $0.46. Seaport Global Securities also issued estimates for Kirby’s Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.59 EPS, Q2 2019 earnings at $0.72 EPS and Q3 2019 earnings at $0.79 EPS.
A number of other research analysts have also recently commented on KEX. Jefferies Group restated a “buy” rating and set a $85.00 price target on shares of Kirby in a research note on Monday, October 16th. Stifel Nicolaus restated a “hold” rating and set a $67.00 price target on shares of Kirby in a research note on Friday, November 3rd. Zacks Investment Research cut Kirby from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Stephens restated a “hold” rating and set a $70.00 price target on shares of Kirby in a research note on Wednesday, January 10th. Finally, Gabelli started coverage on Kirby in a research note on Tuesday, January 16th. They set a “hold” rating and a $80.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Kirby presently has a consensus rating of “Hold” and an average price target of $79.40.
Kirby (NYSE:KEX) traded down $0.25 during trading hours on Monday, reaching $73.05. The company’s stock had a trading volume of 13,028 shares, compared to its average volume of 531,012. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. Kirby has a one year low of $59.25 and a one year high of $80.90. The firm has a market capitalization of $4,325.05, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03.
Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Kirby had a return on equity of 4.37% and a net margin of 14.14%. The company had revenue of $708.10 million during the quarter, compared to analyst estimates of $612.61 million. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was up 62.5% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of KEX. Ladenburg Thalmann Financial Services Inc. raised its stake in Kirby by 79.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock valued at $127,000 after buying an additional 857 shares in the last quarter. Advisory Services Network LLC raised its stake in Kirby by 4,295.2% in the fourth quarter. Advisory Services Network LLC now owns 2,725 shares of the shipping company’s stock valued at $182,000 after buying an additional 2,663 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Kirby in the second quarter valued at $204,000. State of Alaska Department of Revenue acquired a new stake in Kirby in the fourth quarter valued at $207,000. Finally, Trust Co acquired a new stake in Kirby in the third quarter valued at $208,000. Institutional investors own 96.05% of the company’s stock.
In other Kirby news, Director Monte J. Miller sold 2,336 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total value of $180,105.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dorman Lynn Strahan sold 1,735 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $76.51, for a total value of $132,744.85. Following the completion of the sale, the insider now owns 28,484 shares in the company, valued at $2,179,310.84. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.
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Kirby Company Profile
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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