Kirby Co. (NYSE:KEX) – Analysts at Jefferies Group issued their FY2017 earnings per share estimates for Kirby in a research report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst R. Giveans expects that the shipping company will post earnings of $2.05 per share for the year. Jefferies Group currently has a “Buy” rating and a $85.00 target price on the stock. Jefferies Group also issued estimates for Kirby’s Q4 2017 earnings at $0.54 EPS and FY2018 earnings at $2.40 EPS.
Kirby (NYSE:KEX) last posted its earnings results on Wednesday, November 1st. The shipping company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. The business had revenue of $541.30 million for the quarter, compared to analyst estimates of $517.54 million. Kirby had a net margin of 5.88% and a return on equity of 4.48%. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS.
A number of other brokerages have also weighed in on KEX. Zacks Investment Research lowered shares of Kirby from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $67.00 price target on shares of Kirby in a research note on Friday, November 3rd. Finally, Stephens reaffirmed a “hold” rating and issued a $70.00 price target on shares of Kirby in a research note on Wednesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $74.50.
Shares of Kirby (NYSE KEX) traded up $0.75 during trading on Wednesday, reaching $74.80. 379,038 shares of the company were exchanged, compared to its average volume of 407,235. The stock has a market cap of $4,420.56, a price-to-earnings ratio of 35.45, a PEG ratio of 3.86 and a beta of 1.04. Kirby has a 1 year low of $59.25 and a 1 year high of $75.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEX. Ladenburg Thalmann Financial Services Inc. lifted its stake in Kirby by 79.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock worth $127,000 after purchasing an additional 857 shares in the last quarter. Verition Fund Management LLC purchased a new position in Kirby in the 2nd quarter worth approximately $204,000. Trust Co purchased a new position in Kirby in the 3rd quarter worth approximately $208,000. Boothbay Fund Management LLC purchased a new position in Kirby in the 3rd quarter worth approximately $209,000. Finally, Koch Industries Inc. purchased a new position in Kirby in the 2nd quarter worth approximately $216,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.
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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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