|Bid||73.03 x 1000|
|Ask||73.08 x 900|
|Day's Range||70.67 - 73.38|
|52 Week Range||60.63 - 88.78|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||40.27|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||87.83|
Kirby's (KEX) Q2 results disappoint due to weakness in the distribution and services unit plus subpar inland operating conditions. In fact, this forces the company to trim its 2019 earnings view.
Maritime headlines have spotlighted the global tanker sector, which has been buoyed by sharply higher U.S. exports of crude and refined products. The revolution in U.S. crude production initially led to a period of overbuilding and depressed rates for tank barges. Rates are now on the upswing as capacity has been pared and the volume of crude oil and petroleum products shipped via the Mississippi River and its tributaries is escalating.
Kirby Corporation (NYSE: KEX) reported second quarter results that met consensus estimates, despite the ongoing problems for barging operations in the U.S. Midwest. Kirby's distribution and services business, which sells and repairs major mechanical equipment such as diesel engines and pumps, was impacted by reduced demand for pressure pumping equipment, transmissions, parts and services, particularly for the oil and gas industry.
Kirby (KEX) delivered earnings and revenue surprises of -2.47% and 0.30%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
2019 second quarter earnings per share of $0.79 Significant improvement in marine transportation markets Distribution and services negatively impacted by weakening in oilfield.
Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Anyone researching Kirby Corporation (NYSE:KEX) might want to consider the historical volatility of the share price...
Kirby Corporation ("Kirby") (KEX) will announce its 2019 second quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, July 25, 2019. This announcement will be followed by an earnings conference call webcast at 7:30 a.m. CDT. To listen to the conference call webcast, please visit the Investor Relations section of Kirby’s website at www.kirbycorp.com. For listeners who wish to participate in the question and answer session of the conference call webcast, you may access the call by dialing 866-691-5839 within the U.S. and Canada or +1 409-216-0840 internationally.
The transportation sector is often one of the most closely watched in the financial market because it is a natural barometer of broad economic trends. Higher prices across the transportation sector are significant because they can highlight the fundamental demand for industrial goods as well as disposable income levels across the retail segment. Active traders interested in gaining exposure to sub-industries of the transportation sector – such as air freight and logistics, airlines and airport services, highways and rail tracks, marine, railroads, and trucking – may want to take a closer look at the SPDR S&P Transportation ETF (XTN).
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Kirby Corporation (NYSE:KEX) is a small-cap stock with a market capitalization of US$4.8b. While investors primarily...
Kirby Corp NYSE:KEXView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for KEX with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $174 million over the last one-month into ETFs that hold KEX are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The Houston Ship Channel reopened on Wednesday to two-way traffic after salvage crews removed two gasoline barges damaged in a weekend collision with a deep-draft vessel, officials said. The removal of the Kirby Corp-operated barges was completed by midday on Wednesday and two-way traffic resumed, according to Bayport Channel Collision Response, a group overseeing cleanup and salvage operations. Officials decided on Wednesday to tow away a capsized barge instead of draining its tanks of fuel, speeding up the reopening by at least two days.
Salvage crews on Wednesday began removing two gasoline barges damaged in a weekend collision with a deep-draft vessel that restricted traffic in the Houston Ship Channel, officials said. The removal of ...
A bottleneck of inbound traffic on the Houston Ship Channel eased on Tuesday though one-way travel restrictions remained following a weekend collision between a deep-draft ship and a barge, officials said on Tuesday. Salvage operations were continuing on Tuesday on one barge that ruptured and a second vessel that capsized. Thirty-five ships were waiting at 6 a.m. local time (1100 GMT) to enter the 53-mile (85-kilometer) waterway connecting the refining hubs of Houston and Texas City, Texas, to the Gulf of Mexico, down from 45 vessels on Monday afternoon, Bayport Channel Collision Response said.