Kirby (KEX) Scheduled to Post Quarterly Earnings on Friday

Kirby (NYSE:KEX) is set to announce its earnings results before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Kirby has set its FY19 guidance at $2.80-3.20 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Kirby (NYSE:KEX) last announced its quarterly earnings results on Thursday, July 25th. The shipping company reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.02). The firm had revenue of $771.00 million for the quarter, compared to analyst estimates of $767.04 million. Kirby had a return on equity of 5.47% and a net margin of 3.70%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 EPS. On average, analysts expect Kirby to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NYSE KEX opened at $82.57 on Wednesday. The company has a 50 day simple moving average of $80.09 and a 200-day simple moving average of $78.66. The company has a market capitalization of $4.86 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.00 and a quick ratio of 1.19. Kirby has a 1 year low of $60.63 and a 1 year high of $86.44.

In related news, VP Ronald A. Dragg sold 690 shares of Kirby stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $82.79, for a total value of $57,125.10. Following the completion of the sale, the vice president now owns 11,076 shares in the company, valued at approximately $916,982.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amy D. Husted sold 6,174 shares of Kirby stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $78.25, for a total transaction of $483,115.50. Following the completion of the sale, the vice president now owns 20,545 shares of the company’s stock, valued at approximately $1,607,646.25. The disclosure for this sale can be found here. Insiders have sold a total of 26,508 shares of company stock valued at $2,115,023 in the last 90 days. Insiders own 1.80% of the company’s stock.

A number of analysts have recently issued reports on KEX shares. ValuEngine downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. TheStreet upgraded shares of Kirby from a “c+” rating to a “b-” rating in a report on Wednesday, September 11th. Finally, Stephens upgraded shares of Kirby from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $93.00 to $96.00 in a report on Monday, July 29th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.13.

Kirby Company Profile

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

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Earnings History for Kirby (NYSE:KEX)

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