Kirby Corp (NYSE: KEX) has reported earnings for its third fiscal quarter (ending September 30) of $1.56 versus $1.06 for the same period a year ago — an increase of 47%. For the latest four quarters through September 30, E.P.S. were $5.25 compared to $3.32 a year ago — an increase of 58%.
Recent Price Action
On 10/30/24, Kirby Corp (NYSE: KEX) stock suffered a large decline of -6.1%, closing at $115.59. Moreover, trading volume in this decline was exceptionally high at 313% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.1% during the last week.
Current PriceTarget Research Rating
KEX is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Kirby has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Kirby has a neutral Appreciation Score of 42 but a very high Power Rating of 96, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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