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

Kirby (NYSE:KEX) announced its quarterly earnings data on Thursday. The shipping company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading Up 4.8 %

Kirby stock opened at $111.65 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.67 and a quick ratio of 1.05. The firm’s 50 day moving average price is $112.70 and its 200-day moving average price is $117.98. Kirby has a 1 year low of $78.63 and a 1 year high of $132.21. The stock has a market cap of $6.41 billion, a P/E ratio of 21.43, a PEG ratio of 0.53 and a beta of 1.21.

Insider Activity at Kirby

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

Analyst Ratings Changes

Separately, StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Kirby has a consensus rating of “Moderate Buy” and an average price target of $123.80.

Kirby Company Profile

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.