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.
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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