EPS for Kirby Corporation (KEX) Expected At $0.49

July 18, 2017 - By Richard Conner

 EPS for Kirby Corporation (KEX) Expected At $0.49
Investors sentiment decreased to 0.77 in Q4 2016. Its down 0.34, from 1.11 in 2016Q3. It turned negative, as 33 investors sold Kirby Corporation shares while 95 reduced holdings. 32 funds opened positions while 67 raised stakes. 55.94 million shares or 0.67% more from 55.57 million shares in 2016Q3 were reported.
Hodges Cap Mngmt holds 224,590 shares or 0.69% of its portfolio. Ironbridge Management Limited Partnership has 0.21% invested in Kirby Corporation (NYSE:KEX) for 69,673 shares. Goldman Sachs Group Inc Inc holds 0.01% or 467,473 shares in its portfolio. Rhumbline Advisers has 0.02% invested in Kirby Corporation (NYSE:KEX). Fiduciary Trust reported 5,515 shares or 0.01% of all its holdings. Retirement Systems Of Alabama has invested 0.03% in Kirby Corporation (NYSE:KEX). Fruth Inv Mngmt invested 0.57% in Kirby Corporation (NYSE:KEX). American Group Inc invested in 103,906 shares or 0.03% of the stock. Hancock holds 126,650 shares. Eulav Asset Management has 0.16% invested in Kirby Corporation (NYSE:KEX). Panagora Asset Mngmt Incorporated holds 0% of its portfolio in Kirby Corporation (NYSE:KEX) for 2,400 shares. California State Teachers Retirement Systems has invested 0.02% in Kirby Corporation (NYSE:KEX). Westfield Mngmt L P holds 0.01% or 16,590 shares. Cantab Prtnrs Llp invested 0% in Kirby Corporation (NYSE:KEX). Profund Advsr Lc invested in 11,146 shares or 0.03% of the stock.

Since February 6, 2017, it had 0 insider buys, and 8 selling transactions for $1.63 million activity. Reniers Joseph H. sold $482,302 worth of stock or 6,836 shares. 859 shares were sold by Castro Renato A, worth $61,848. 2,529 Kirby Corporation (NYSE:KEX) shares with value of $181,538 were sold by STRAHAN DORMAN LYNN. 1,739 shares valued at $123,921 were sold by Mosley David R on Wednesday, February 15. Shares for $135,648 were sold by Ivey William G.. O’Neil Christian G. had sold 2,254 shares worth $154,855. Husted Amy D. also sold $210,681 worth of Kirby Corporation (NYSE:KEX) shares.

Wall Street await Kirby Corporation (NYSE:KEX) to release earnings on July, 26. Analysts forecast EPS of $0.49, down exactly $0.23 or 31.94 % from 2014’s $0.72 EPS. The expected KEX’s profit could reach $26.49M giving the stock 33.04 P/E in the case that $0.49 earnings per share is reported. After posting $0.51 EPS for the previous quarter, Kirby Corporation’s analysts now forecast -3.92 % negative EPS growth. The stock decreased 0.84% or $0.55 during the last trading session, reaching $64.75. About 310,398 shares traded. Kirby Corporation (NYSE:KEX) has declined 0.86% since July 18, 2016 and is downtrending. It has underperformed by 17.56% the S&P500.

Kirby Corporation (NYSE:KEX) Ratings Coverage

Among 13 analysts covering Kirby (NYSE:KEX), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. Kirby had 23 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Seaport Global Securities given on Thursday, November 10. RBC Capital Markets upgraded Kirby Corporation (NYSE:KEX) rating on Tuesday, September 20. RBC Capital Markets has “Outperform” rating and $68 target. The stock of Kirby Corporation (NYSE:KEX) has “Outperform” rating given on Friday, July 31 by RBC Capital Markets. The company was maintained on Thursday, January 28 by Cowen & Co. As per Monday, May 2, the company rating was upgraded by BBT. The rating was maintained by Jefferies on Monday, July 3 with “Buy”. Cowen & Co downgraded the stock to “Market Perform” rating in Friday, April 29 report. Evercore downgraded Kirby Corporation (NYSE:KEX) on Thursday, April 28 to “Hold” rating. The stock of Kirby Corporation (NYSE:KEX) has “Outperform” rating given on Wednesday, April 19 by Credit Suisse. As per Thursday, October 1, the company rating was upgraded by Macquarie Research.

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 has market cap of $3.50 billion. The Company, through its subsidiaries, operates in two divisions: Marine Transportation and Diesel Engine Services. It has a 26.7 P/E ratio. The Company, through its Marine Transportation segment, is a well-known provider of marine transportation services, operating tank barges and towing vessels 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.

More news for Kirby Corporation (NYSE:KEX) were recently published by: Prnewswire.com, which released: “Kirby Corporation Signs Agreement To Purchase Inland Tank Barges And Towboats” on June 19, 2017. Bizjournals.com‘s article titled: “Kirby Corp. to buy Houston-based manufacturer for $710M” and published on June 13, 2017 is yet another important article.

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