Kirby Stock News

Strong package delivery demand is expected to have aided UPS' second-quarter 2022 performance.

Higher revenues are likely to have aided CSX's Q2 performance.

Increased demand at the distribution and services segment boosts Kirby (KEX). However, a weak capital position is bothersome.

HOUSTON, June 24, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 second quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, July 28, 20

Kirby's (KEX) Q1 results benefit from higher revenues at the marine transportation, and distribution and services segments despite Omicron-induced woes.

Kirby's (NYSE:KEX ) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants David Grzebinski – President and Chief Executive Officer Raj Kumar – Executive Vice President an

Kirby shares have sold off sharply since the announcement of an agreement to supply barging services to an offshore wind project; investors may be fretting over future margins/capex here.

HOUSTON, April 04, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby") (NYSE: KEX) will announce its 2022 first quarter results at 6:00 a.m. Central Daylight Time (“CDT”) on Thursday, April 28, 2

Kirby (KEX) banks on strong cost-management strategies and a rise in segmental revenues. However, low current ratio is a headwind.

List of Key Players Covered in the Barge Transportation Market are Kirby Corporation (Texas, U.S.), Ingram Marine Group (Tennessee, U.S.), SEACOR Holdings (Florida, U.S.), American Commercial Barge Line (ACBL) (Indiana, U.S.), PTC Logistics (Florida, U.S.), Neska Container Line B.V. (Dordrecht, Netherlands), PACC Offshore Services Holdings (POSH) (Singapore), Heartland Barge (Illinois, U.S.) List of Key Players Covered in the Barge Transportation Market are Kirby Corporation (Texas, U.S.), Ingram Marine Group (Tennessee, U.S.), SEACOR Holdings (Florida, U.S.), American Commercial Barge Line (ACBL) (Indiana, U.S.), PTC Logistics (Florida, U.S.), Neska Container Line B.V. (Dordrecht, Netherlands), PACC Offshore Services Holdings (POSH) (Singapore), Heartland Barge (Illinois, U.S.)

The Dow Jones Transportation Average is rallying Thursday, even as most of its components are falling, as the economically sensitive index is defying the selloff in the broader stock market. The index is up 0.5% in afternoon trading with 9 of 20 components rising, while its sister index, the Dow Jones Industrial Average sank 335 points, or 1.0%, with just seven of 30 components risingh, and the S&P 500 dove 1.2%. Within the Dow transports, the biggest gainers were shares of diesel engine maker Kirby Corp. , up 2.8%, and railroad operators Norfolk Southern Corp. , up 2.3%, and Union Pacific Corp. , up 2.2%. Meanwhile, the transports'' decliners were led by the 1.4% drop in air carrier Delta Air Lines Inc.''s stock and the 1.3% drop in truck rental company Ryder System Inc.''s stock . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Kirby Corporation found using ticker (KEX) have now 8 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 85 and 54 calculating the mean target price we have 72.25. Now with the previous closing price of 70.2 this is indicating there is a potential upside of 2.9%. There is a 50 day moving average of 64.24 and the 200 day MA is 58.97. The market capitalisation for the company is $4,292m. You can visit the company''s website by visiting: https://kirbycorp.com [stock_market_widget type="chart" template="basic" color="green" assets=KEX" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $4,418m based on the market concensus. Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.

The Dow Jones Transportation Average is taking a 229-point, or 1.5% dive, in afternoon trading, with 18 of 20 components trading lower, despite the rallies in the broader stock market indexes. Leading the transports lower, shares of trucker Old Dominion Freight Inc. sank 5.1%, marine shipping company Matson Inc. shed 4.9%, air carrier American Airlines Group Inc. dropped 1.9% and railroad operator Norfolk Southern Corp. was down 1.9%. For the two gainers, shares of car rental company Avis Budget Group Inc. advanced 2.8% and diesel engine maker Kirby Corp. tacked on 0.6%. Meanwhile, the Dow Jones Industrial Average gained 23 points, or 0.1%, while the S&P 500 rose 0.7% and the Nasdaq Composite climbed 1.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Higher revenues at the marine transportation, and distribution and services segments buoy Kirby's (KEX) Q4 results despite coronavirus-induced crewing challenges and supply chain woes.

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