Profile
Sector:
IndustrialsIndustry:
Marine ShippingCountry:
United StatesIPO:
17 March 1980Website:
http://kirbycorp.comNext earnings report:
31 January 2025Last dividends:
08 August 1989Next dividends:
N/APrice
after hours | 25 min agoDividend
Analysts recommendations
Institutional Ownership
Included in screeners
KEX Latest News
Danan Kirby's stock picks are SPHR, OSW, and RCL. He thinks Royal Caribbean has “one of the best itineraries out there.
Kirby Corporation is poised for growth, driven by strong marine business pricing, high barge utilization, and favorable new build economics. The Distribution and Services segment benefits from robust demand in data centers, power generation, and a potential Oil & Gas recovery under the Trump administration. Strong pricing momentum and operating leverage should enhance margins, with the company trading at a discount to historical averages, making it a good buy.
Kirby Corporation is a growth at a reasonable price (GARP) stock, with a 71% price increase over the past year. The company's strong financial performance, effective cost management, and market dominance support a bullish outlook and justify a buy recommendation. KEX's vast fleet and strategic trade routes provide competitive advantages, ensuring consistent business and economies of scale.
KEX's third-quarter 2024 earnings and revenues increase year over year.
Kirby Corporation (NYSE:KEX ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Kurt Niemietz - Vice President of Investor Relations and Treasurer David Grzebinski - Chief Executive Officer Raj Kumar - Chief Financial Officer Christian O'Neil - President and Chief Operating Officer Conference Call Participants Daniel Imbro - Stephens Inc. Gregory Lewis - BTIG, LLC Benjamin Nolan - Stifel Financial Corp. Greg Wasikowski - Webber Research & Advisory Ken Hoexter - Bank of America Scott Group - Wolfe Research, LLC Operator Good morning, and welcome to the Kirby Corporation 2024 Third Quarter Earnings Conference Call. All participants will be in a listen-only mode.
While the top- and bottom-line numbers for Kirby (KEX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Kirby (KEX) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.05 per share a year ago.
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Kirby Corporation (“Kirby”) (NYSE: KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2024, of $90.0 million or $1.55 per share, compared with earnings of $63.0 million, or $1.05 per share for the 2023 third quarter. Consolidated revenues for the 2024 third quarter were $831.1 million compared with $764.8 million reported for the 2023 third quarter.
Kirby (KEX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
If you are looking for stocks that are well positioned to maintain their recent uptrend, Kirby (KEX) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
What type of business is Kirby?
Kirby Corporation - a company based in Houston, Texas, has two main lines of business - it provides marine transportation of liquid and dry bulk cargoes, as well as offers servicing and repair of diesel engines and transmission mechanisms used in various industrial sectors. Kirby Corporation was founded in 1921, and entered the marine transportation business in 1969 with the acquisition of Dixie Carriers, Inc. Kirby Corporation provides services for the transportation of petroleum products, heavy oils, pressurized products, as well as products from the agricultural and agrochemical industries, by tanker barges on the inland waterways of the United States, along the Atlantic and Pacific coasts of the United States, as well as in Alaska and Hawaii.
What sector is Kirby in?
Kirby is in the Industrials sector
What industry is Kirby in?
Kirby is in the Marine Shipping industry
What country is Kirby from?
Kirby is headquartered in United States
When did Kirby go public?
Kirby initial public offering (IPO) was on 17 March 1980
What is Kirby website?
https://kirbycorp.com
Is Kirby in the S&P 500?
No, Kirby is not included in the S&P 500 index
Is Kirby in the NASDAQ 100?
No, Kirby is not included in the NASDAQ 100 index
Is Kirby in the Dow Jones?
No, Kirby is not included in the Dow Jones index
When was Kirby the previous earnings report?
No data
When does Kirby earnings report?
The next expected earnings date for Kirby is 31 January 2025