Media coverage about Kirby (NYSE:KEX) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kirby earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 45.8327797059367 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Kirby Smart Makes Two Key Changes on Georgia Coaching Staff (msn.com)
- ‘Kirby Star Allies’ review (digitaltrends.com)
- INVESTOR ALERT: Kirby McInerney LLP Announces Investigation on Behalf of Myriad Genetics, Inc. (MYGN) Investors (bizjournals.com)
- Nintendo’s new Kirby is the rare co-op game that’s fun to play with kids (msn.com)
- 365 Connect Explores the Social Acceleration Effect on Multifamily Housing in Live Webcast (prnewswire.com)
Several research firms have commented on KEX. Stephens reiterated a “hold” rating and issued a $70.00 price objective on shares of Kirby in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of Kirby from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, February 6th. Bank of America increased their price objective on shares of Kirby from $66.00 to $69.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. Gabelli began coverage on shares of Kirby in a research note on Tuesday, January 16th. They issued a “hold” rating and a $80.00 price objective for the company. Finally, Evercore ISI upgraded shares of Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $79.40.
Kirby (NYSE:KEX) last released its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. Kirby had a net margin of 14.14% and a return on equity of 4.17%. The firm had revenue of $708.10 million during the quarter, compared to the consensus estimate of $612.61 million. During the same period in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 62.5% compared to the same quarter last year. research analysts expect that Kirby will post 2.8 earnings per share for the current fiscal year.
In related news, VP David R. Mosley sold 5,694 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $73.37, for a total value of $417,768.78. Following the completion of the transaction, the vice president now directly owns 17,692 shares of the company’s stock, valued at approximately $1,298,062.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Monte J. Miller sold 2,336 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total transaction of $180,105.60. The disclosure for this sale can be found here. Insiders have sold a total of 11,430 shares of company stock valued at $854,762 over the last three months. Insiders own 2.40% of the company’s stock.
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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.
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