Kirby (KEX) Expected to Announce Quarterly Earnings on Thursday

Kirby (NYSE:KEX - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $1.30 per share and revenue of $804,060.00 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The company had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. During the same period last year, the firm earned $1.05 earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. On average, analysts expect Kirby to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kirby Stock Down 1.0 %

KEX stock traded down $1.12 during trading on Thursday, reaching $109.39. The stock had a trading volume of 606,437 shares, compared to its average volume of 654,974. Kirby has a one year low of $76.81 and a one year high of $132.21. The company's 50 day moving average is $114.82 and its two-hundred day moving average is $118.43. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 0.56 and a beta of 1.21.

Insider Activity

In other news, COO Christian G. O'neil sold 15,041 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $130.00, for a total value of $1,955,330.00. Following the sale, the chief operating officer now owns 7,746 shares of the company's stock, valued at $1,006,980. The trade was a 66.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard Ross Stewart sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the completion of the transaction, the director now directly owns 15,488 shares of the company's stock, valued at approximately $1,985,716.48. This trade represents a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,354 shares of company stock valued at $3,275,455 in the last three months. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $123.80.

Kirby Company Profile

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.