Kirby (NYSE:KEX) Issues Earnings Results, Misses Estimates By $0.01 EPS

Kirby (NYSE:KEX) announced its quarterly earnings data on Thursday. The shipping company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.01), Zacks reports. Kirby had a net margin of 9.37% and a return on equity of 9.43%.

Kirby Price Performance

KEX traded up $7.91 during trading on Thursday, reaching $114.47. The stock had a trading volume of 692,490 shares, compared to its average volume of 682,538. The business has a 50-day moving average of $112.70 and a 200-day moving average of $117.98. Kirby has a one year low of $78.63 and a one year high of $132.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. The stock has a market cap of $6.57 billion, a PE ratio of 22.05, a PEG ratio of 0.55 and a beta of 1.21.

Insider Activity

In other Kirby news, COO Christian G. O’neil sold 15,041 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total value of $1,955,330.00. Following the completion of the sale, the chief operating officer now owns 7,746 shares in the company, valued at approximately $1,006,980. This represents a 66.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Ross Stewart sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total value of $1,025,680.00. Following the transaction, the director now directly owns 15,488 shares in the company, valued at approximately $1,985,716.48. This represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,354 shares of company stock valued at $3,275,455. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.80.

About Kirby

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.