Kirby (KEX) Getting Somewhat Favorable Media Coverage, Study Finds

Media coverage about Kirby (NYSE:KEX) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kirby earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 45.5812000762963 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s analysis:

KEX has been the topic of several research analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $67.00 target price on shares of Kirby in a research report on Friday, November 3rd. Jefferies Group initiated coverage on shares of Kirby in a research report on Monday, December 18th. They issued a “buy” rating and a $85.00 target price on the stock. Zacks Investment Research cut shares of Kirby from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Stephens reissued a “hold” rating and issued a $70.00 target price on shares of Kirby in a research report on Wednesday, January 10th. Finally, Gabelli initiated coverage on shares of Kirby in a research report on Tuesday, January 16th. They issued a “hold” rating and a $80.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Kirby presently has an average rating of “Hold” and a consensus price target of $79.40.

Kirby (KEX) opened at $75.95 on Friday. The firm has a market cap of $4,471.31, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93. Kirby has a 12-month low of $59.25 and a 12-month high of $80.90.

Kirby (NYSE:KEX) last announced its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $708.10 million for the quarter, compared to analysts’ expectations of $612.61 million. Kirby had a net margin of 14.14% and a return on equity of 4.37%. Kirby’s revenue was up 62.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. equities research analysts predict that Kirby will post 2.79 EPS for the current year.

In other news, VP David R. Mosley sold 5,694 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $73.37, for a total transaction of $417,768.78. Following the transaction, the vice president now directly owns 17,692 shares of the company’s stock, valued at $1,298,062.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dorman Lynn Strahan sold 1,735 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $76.51, for a total transaction of $132,744.85. Following the transaction, the insider now directly owns 28,484 shares in the company, valued at $2,179,310.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,430 shares of company stock worth $854,762. 2.70% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Kirby (NYSE:KEX)

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