Kirby Co. (NYSE:KEX - Free Report) - Stock analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Kirby in a note issued to investors on Wednesday, November 13th. Zacks Research analyst S. Goswami now forecasts that the shipping company will post earnings per share of $5.45 for the year, up from their previous forecast of $5.41. The consensus estimate for Kirby's current full-year earnings is $5.44 per share. Zacks Research also issued estimates for Kirby's Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.47 EPS, Q3 2025 earnings at $1.74 EPS, Q4 2025 earnings at $1.60 EPS, FY2025 earnings at $6.18 EPS, Q1 2026 earnings at $1.43 EPS, Q2 2026 earnings at $1.62 EPS and Q3 2026 earnings at $1.63 EPS.
Several other research analysts have also recently issued reports on KEX. StockNews.com cut Kirby from a "buy" rating to a "hold" rating in a research note on Sunday, September 22nd. Bank of America increased their price target on Kirby from $138.00 to $141.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.80.
Get Our Latest Analysis on Kirby
Kirby Stock Performance
Shares of NYSE:KEX traded down $1.90 on Friday, hitting $128.05. The company's stock had a trading volume of 325,550 shares, compared to its average volume of 457,057. Kirby has a 12 month low of $72.11 and a 12 month high of $132.04. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17. The stock's 50-day moving average is $122.17 and its two-hundred day moving average is $119.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67.
Kirby (NYSE:KEX - Get Free Report) last issued its earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The firm had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. During the same period last year, the company earned $1.05 earnings per share. The firm's revenue for the quarter was up 8.7% on a year-over-year basis.
Insider Activity at Kirby
In other news, CEO David W. Grzebinski sold 26,358 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $120.46, for a total transaction of $3,175,084.68. Following the completion of the sale, the chief executive officer now directly owns 63,399 shares of the company's stock, valued at $7,637,043.54. This represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Christian G. O'neil sold 14,031 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $123.29, for a total value of $1,729,881.99. Following the sale, the chief operating officer now directly owns 12,746 shares of the company's stock, valued at approximately $1,571,454.34. This represents a 52.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,596 shares of company stock valued at $7,515,760 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Kirby
Several hedge funds have recently modified their holdings of KEX. Select Equity Group L.P. purchased a new stake in shares of Kirby during the second quarter valued at $65,928,000. Lord Abbett & CO. LLC purchased a new stake in Kirby in the 1st quarter worth about $22,877,000. Encompass Capital Advisors LLC lifted its stake in Kirby by 33.9% in the 2nd quarter. Encompass Capital Advisors LLC now owns 887,384 shares of the shipping company's stock worth $106,246,000 after acquiring an additional 224,802 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Kirby by 68.7% in the 3rd quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company's stock worth $58,428,000 after acquiring an additional 194,410 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in Kirby in the 3rd quarter worth about $22,106,000. 96.15% of the stock is owned by hedge funds and other institutional investors.
Kirby Company Profile
(
Get Free Report)
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.
See Also
Before you consider Kirby, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kirby wasn't on the list.
While Kirby currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
