What is Zacks Research’s Estimate for Kirby FY2024 Earnings?

Kirby Co. (NYSE:KEX) – Equities research analysts at Zacks Research upped their FY2024 earnings per share estimates for Kirby in a report issued on Wednesday, November 13th. Zacks Research analyst S. Goswami now anticipates that the shipping company will post earnings of $5.45 per share for the year, up from their prior estimate of $5.41. The consensus estimate for Kirby’s current full-year earnings is $5.44 per share. Zacks Research also issued estimates for Kirby’s Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.47 EPS, Q3 2025 earnings at $1.74 EPS, Q4 2025 earnings at $1.60 EPS, FY2025 earnings at $6.18 EPS, Q1 2026 earnings at $1.43 EPS, Q2 2026 earnings at $1.62 EPS and Q3 2026 earnings at $1.63 EPS.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The firm had revenue of $831.10 million during the quarter, compared to analysts’ expectations of $824.42 million. During the same quarter in the prior year, the business earned $1.05 EPS. Kirby’s quarterly revenue was up 8.7% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research note on Sunday, September 22nd. Bank of America boosted their price objective on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.80.

Kirby Stock Performance

NYSE KEX opened at $129.95 on Friday. The business’s 50-day moving average price is $121.93 and its 200 day moving average price is $119.53. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 0.29. The firm has a market cap of $7.46 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.76 and a beta of 1.17. Kirby has a 52-week low of $72.11 and a 52-week high of $132.04.

Hedge Funds Weigh In On Kirby

Several hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in shares of Kirby by 1.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,369 shares of the shipping company’s stock worth $988,000 after purchasing an additional 122 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Kirby by 53.9% in the first quarter. SG Americas Securities LLC now owns 5,372 shares of the shipping company’s stock worth $512,000 after acquiring an additional 1,881 shares during the last quarter. Sei Investments Co. lifted its position in shares of Kirby by 32.4% in the first quarter. Sei Investments Co. now owns 66,833 shares of the shipping company’s stock valued at $6,371,000 after acquiring an additional 16,373 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in Kirby during the 1st quarter worth about $22,877,000. Finally, Orion Portfolio Solutions LLC raised its stake in Kirby by 2.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 18,370 shares of the shipping company’s stock valued at $1,751,000 after purchasing an additional 523 shares during the last quarter. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kirby

In related news, COO Christian G. O’neil sold 15,041 shares of the company’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 value of $1,955,330.00. Following the sale, the chief operating officer now owns 7,746 shares in the company, valued at $1,006,980. This represents a 66.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ronald A. Dragg sold 2,313 shares of Kirby stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $127.30, for a total value of $294,444.90. Following the transaction, the vice president now directly owns 7,683 shares of the company’s stock, valued at approximately $978,045.90. This represents a 23.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,596 shares of company stock valued at $7,515,760. 1.50% of the stock is owned by company insiders.

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.