Research Analysts Offer Predictions for Kirby Co.’s FY2017 Earnings (KEX)

Kirby Co. (NYSE:KEX) – Stock analysts at Gabelli issued their FY2017 earnings estimates for Kirby in a research note issued on Tuesday. Gabelli analyst J. Bergner expects that the shipping company will post earnings per share of $1.91 for the year. Gabelli currently has a “Hold” rating and a $80.00 target price on the stock. Gabelli also issued estimates for Kirby’s FY2018 earnings at $2.75 EPS, FY2019 earnings at $3.20 EPS, FY2020 earnings at $3.90 EPS and FY2021 earnings at $4.50 EPS.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. Kirby had a net margin of 5.88% and a return on equity of 4.48%. The business had revenue of $541.30 million during the quarter, compared to analysts’ expectations of $517.54 million. During the same quarter in the previous year, the company earned $0.59 EPS. The business’s revenue was up 24.5% on a year-over-year basis.

Several other analysts have also recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $67.00 price objective on shares of Kirby in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Kirby from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Jefferies Group initiated coverage on shares of Kirby in a research note on Monday, December 18th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, Stephens reiterated a “hold” rating and issued a $70.00 price objective on shares of Kirby in a research note on Wednesday, January 10th. Two research 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’s stock. Kirby presently has a consensus rating of “Hold” and a consensus target price of $75.29.

Shares of Kirby (NYSE:KEX) opened at $74.55 on Thursday. Kirby has a 12 month low of $59.25 and a 12 month high of $75.85. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. The firm has a market cap of $4,450.00, a PE ratio of 35.50, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04.

A number of hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. increased its holdings in Kirby by 0.6% in the 2nd quarter. Citigroup Inc. now owns 7,699 shares of the shipping company’s stock valued at $515,000 after buying an additional 48 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Kirby by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,161 shares of the shipping company’s stock valued at $1,080,000 after buying an additional 285 shares during the period. Prudential Financial Inc. increased its holdings in Kirby by 1.2% in the 2nd quarter. Prudential Financial Inc. now owns 33,710 shares of the shipping company’s stock valued at $2,254,000 after buying an additional 410 shares during the period. Royal Bank of Canada increased its holdings in Kirby by 4.1% in the 2nd quarter. Royal Bank of Canada now owns 17,636 shares of the shipping company’s stock valued at $1,179,000 after buying an additional 689 shares during the period. Finally, Turtle Creek Asset Management Inc. increased its holdings in Kirby by 5.9% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 14,400 shares of the shipping company’s stock valued at $950,000 after buying an additional 800 shares during the period. 96.59% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Kirby (NYSE:KEX)

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