Kirby (NYSE:KEX) Stock, Quote.Headers.trade-ideas

Kirby

Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.

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CHRW

SKYW

SkyWest&#39;s (NASDAQ: SKYW) top line is boosted by an uptick in air travel demand. The company&#39;s proactive measures to expand and upgrade its fleet are commendable. Shareholder-friendly actions also bode well for SkyWest. However, high operating expenses are a major headwind.

Here&#39;s Why You Should Retain SkyWest Stock Now

Kirby (NYSE: KEX) reported $824.39 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.1%. EPS of $1.43 for the same period compares to $0.95 a year ago.

Kirby Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Earnings Beats

Small Cap

ALGT

Union Pacific Corporation (NYSE: UNP) is scheduled to report second-quarter 2024 results on Jul 25 before market open.

What&#39;s in the Offing for Union Pacific in Q2 Earnings?

Kirby Corp

Kira Network

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.14% on an annualized basis producing an average annual return of 9.37%. Currently, Kirby has a market capitalization of $6.68 billion. 
Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $5,961.24 today based on a price of $115.45 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725472810_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $6,000 Today

Kirby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) short percent of float has risen 8.39% since its last report. The company recently reported that it has 788 thousand shares sold short, which is 1.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.25 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kirby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724964315_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kirby has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kirby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kirby's peer group average for short interest as a percentage of float is 3.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

How Is The Market Feeling About Kirby?

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.3% on an annualized basis producing an average annual return of 9.65%. Currently, Kirby has a market capitalization of $6.85 billion. 
Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $6,515.86 today based on a price of $118.37 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724697017_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Kirby Stock In The Last 20 Years

SkyWest&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) top line is boosted by an uptick in air travel demand. The company&#39;s proactive measures to expand and upgrade its fleet are commendable. Shareholder-friendly actions also bode well for SkyWest. However, high operating expenses are a major headwind.
<h3>Factors Favoring SKYW</h3>
SKYW is being well-served by the increase in flight volume and passenger loads, which is boosting charter revenues. Currently, SkyWest operates 16 aircraft at SkyWest Charter or SWC and anticipates robust expansion in on-demand charters through sports teams and various corporate opportunities, which are expected to boost the company&#39;s top line.
In the second quarter of 2024, pro-rate and charter revenues reached $107 million, reflecting a 6% increase from the first quarter of 2024 and a 30% rise from the second quarter of 2023, driven by higher flight volume and passenger loads.
SkyWest&#39;s fleet modernization and expansion efforts are commendable. In the second quarter of 2024, the company launched its first CRJ550 and Delta prorate operation. It received eight of the 20 United Finance E175s during the quarter and plans to continue enhancing its partnerships and increasing its regional market share.
By the end of 2026, management expects its E175 fleet to reach 278 aircraft, solidifying SkyWest as the largest Embraer operator in the world.
SKYW&#39;s commitment to rewarding its shareholders through share repurchase is noteworthy. Under the previously announced share repurchase program authorized by SkyWest&#39;s board of directors in May 2023, the company repurchased 177,000 shares of common stock for $13.3 million during the second quarter of 2024 at an average price per share of $75.23. As of Jun 30, 2024, SkyWest had $69 million of remaining availability under its current share repurchase program.
Shares of SKYW have surged 77.2% in the past year compared with its industry&#39;s growth of 15.2% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2b/74300.jpg?v=654559250" />
Image Source: Zacks Investment Research
<h3>Key Risks</h3>
SkyWest&#39;s financial stability is challenged by its increasing operating expenses and weak liquidity. In the second quarter of 2024, operating expenses surged by 8% year over year to $747 million. This increase in operating expenses was primarily driven by the 12% rise in block hour production year over year.
Maintenance expenses, accounting for 25% of the total operating expenses, rose by 12.8% year over year. For the second half of 2024, the company anticipates a $40 million increase in maintenance expenses compared to the first half of 2024 and, on average, $200 million a quarter during 2025. The labor costs comprising salaries and benefits were up by 9% year over year.
SkyWest exited the second quarter of 2024 with a current ratio (a measure of liquidity) of 0.84. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations. Reduced pricing power is another concern.
Zacks Rank
SKYW currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Kirby Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>).
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).
CHRW has an expected earnings growth rate of 27.4% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 3.9% in the past year.
KEX holds a Zacks Rank #2 (Buy) at present andhas an expected earnings growth rate of 40% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 8.7%. Shares of Kirby have climbed 44.7% in the past year.
<a href="https://www.zacks.com/stock/news/2321890/here-s-why-you-should-retain-skywest-skyw-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2321890">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain SkyWest Stock Now

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.59% on an annualized basis producing an average annual return of 9.81%. Currently, Kirby has a market capitalization of $6.80 billion. 
Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $6,646.64 today based on a price of $116.67 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723487436_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Kirby (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>) reported $824.39 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.1%. EPS of $1.43 for the same period compares to $0.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $821.73 million, representing a surprise of +0.32%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $1.32.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company&#39;s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock&#39;s price performance more accurately.
Here is how Kirby performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>
<h2>Revenues- Distribution and services</h2>
	: $339.58 million versus the two-analyst average estimate of $352.69 million. The reported number represents a year-over-year change of -3.1%.</li>
<li>
<h2>Revenues- Marine transportation</h2>
	: $484.81 million compared to the $469.09 million average estimate based on two analysts. The reported number represents a change of +13.6% year over year.</li>
<li>
<h2>Operating income- Marine transportation</h2>
	: $94.88 million versus the two-analyst average estimate of $87.50 million.</li>
<li>
<h2>Operating income- General corporate expenses</h2>
	: -$4.33 million versus the two-analyst average estimate of -$3.83 million.</li>
<li>
<h2>Operating income- Distribution and services</h2>
	: $29.44 million compared to the $26.59 million average estimate based on two analysts.</li>
</ul>
Shares of Kirby have returned +1.1% over the past month versus the Zacks S&amp;P 500 composite&#39;s +1.1% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2314424/kirby-kex-q2-earnings-how-key-metrics-compare-to-wall-street-estimates?cid=CS-BENZ-FT-fundamental_analysis|nfm-2314424">To read this article on Zacks.com click here.</a>

WIIM

Kirby shares are trading lower. The company reported Q2 financial results.

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.32 by 8.33 percent. The company reported quarterly sales of $824.390 million which beat the analyst consensus estimate of $822.178 million by 0.27 percent. This is a 6.07 percent increase over sales of $777.248 million the same period last year.

Kirby Q2 2024 GAAP EPS $1.43 Beats $1.32 Estimate, Sales $824.390M Beat $822.178M Estimate

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.33% on an annualized basis producing an average annual return of 9.72%. Currently, Kirby has a market capitalization of $6.96 billion. 
Buying $1000 In KEX: If an investor had bought $1000 of KEX stock 20 years ago, it would be worth $6,280.08 today based on a price of $119.44 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722267053_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

B of A Securities analyst Ken Hoexter maintains Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Buy and raises the price target from $138 to $141.

Price Target

B of A Securities Maintains Buy on Kirby, Raises Price Target to $141

Union Pacific Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unp#NYSE">UNP</a>) is scheduled to report&nbsp;second-quarter 2024&nbsp;results on Jul 25 before market open.
Union Pacific has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 2.34%.
<div class="chart_embed">
<h3>Union Pacific Corporation Price and EPS Surprise</h3>
<img alt="Union Pacific Corporation Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/f6/1721294384.png" style="height:266px; width:544px" title="" />
Union Pacific Corporation price-eps-surprise | Union Pacific Corporation Quote
</div>
The Zacks Consensus Estimate for UNP&#39;s soon-to-be reported quarter&#39;s earnings has been revised downward by 1.81% in the past 60 days to $2.71 per share. The Zacks Consensus Estimate for revenues is pegged at $6.07 billion, which indicates growth of 1.8% from the year-ago levels.
The company is grappling with a freight market downturn.Below-par freight rates are hurting Union Pacific&#39;s prospects.
Our estimate for freight revenues is pegged at $5.7 billion, which is roughly flat compared with the first-quarter 2024 actuals. Meanwhile, estimates for other revenues are pegged at $364 million, which implies a 12.3% decrease from the first-quarter 2024 reported figure.
To mitigate the revenue decline from the freight downturn, Union Pacific focuses on cost-cutting measures to improve its bottom line in the to be reported period. Our June quarter estimate for adjusted operating expenses indicates a 1.5% decline from the second-quarter 2023 actuals.
<h3>What Our Model Says</h3>
Our proven model does not conclusively predict an earnings beat for Union Pacific this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
UNP has an Earnings ESP of -0.49% and a Zacks Rank #3 at present.
<h3>Highlights of Q1</h3>
Union Pacific&#39;s first-quarter 2024 earnings of $2.69 per share beat the Zacks Consensus Estimate of $2.50 per share. The bottom line improved 0.75% on a year-over-year basis. Results were aided by strong operational efficiency and favorable pricing.
Operating revenues of $6.03 billion marginally beat the Zacks Consensus Estimate of $6 billion. The top line declined 0.41% on a year-over-year basis. Freight revenues, accounting for 93.2% of the top line, decreased 1% to $5.62 billion.Total operating expenses of $3.66 billion declined 3% year over year.
<h3>Stocks to Consider</h3>
Here are a few stocks from the broader Zacks&nbsp;Transportation&nbsp;sector that investors might want to consider as our model shows that these have the right combination of elements to beat second-quarter 2024 earnings.
Allegiant (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algt#NASDAQ">ALGT</a>) has an Earnings ESP of +4.11% and a Zacks Rank #3. The company is scheduled to report second-quarter 2024 earnings on Jul 31.
ALGT surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once. The average beat is 29.3%.
Kirby&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>) has an Earnings ESP of +7.58% and a Zacks Rank #2.
KEX is scheduled to report second-quarter 2024 earnings on Aug 1.
KEX has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 10.3%.
<a href="https://www.zacks.com/stock/news/2304159/what-s-in-the-offing-for-union-pacific-unp-in-q2-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2304159">To read this article on Zacks.com click here.</a>

What's in the Offing for Union Pacific in Q2 Earnings?

Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Hunting for &#39;earnings whispers&#39; or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn&#39;t make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company&#39;s report. The idea is relatively intuitive as a newer projection might be based on more complete information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Copa Holdings?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Copa Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpa#NYSE">CPA</a>) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $3.07 a share 28 days away from its upcoming earnings release on August 7, 2024.
Copa Holdings&#39; Earnings ESP sits at +3.01%, which, as explained above, is calculated by taking the percentage difference between the $3.07 Most Accurate Estimate and the Zacks Consensus Estimate of $2.98. CPA is also part of a large group of stocks that boast a positive ESP.
CPA is part of a big group of Transportation stocks that boast a positive ESP, and investors may want to take a look at Kirby (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>) as well.
Kirby is a Zacks Rank #2 (Buy) stock, and is getting ready to report earnings on August 1, 2024. KEX&#39;s Most Accurate Estimate sits at $1.42 a share 22 days from its next earnings release.
For Kirby, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $1.32 is +7.58%.
CPA and KEX&#39;s positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.
<a href="https://www.zacks.com/stock/news/2299069/why-investors-need-to-take-advantage-of-these-2-transportation-stocks-now?cid=CS-BENZ-FT-tale_of_the_tape|zacks_education_earnings_esp-2299069">To read this article on Zacks.com click here.</a>

Why Investors Need to Take Advantage of These 2 Transportation Stocks Now

Kirby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) short percent of float has risen 5.29% since its last report. The company recently reported that it has 922 thousand shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.18 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kirby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720629911_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kirby has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kirby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kirby's peer group average for short interest as a percentage of float is 2.85%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(KEX) - Analyzing Kirby's Short Interest

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.23% on an annualized basis producing an average annual return of 9.63%. Currently, Kirby has a market capitalization of $6.68 billion. 
Buying $100 In KEX: If an investor had bought $100 of KEX stock 20 years ago, it would be worth $617.35 today based on a price of $114.51 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720533628_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Kirby 20 Years Ago Would Be Worth Today

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) has outperformed the market over the past 20 years by 1.16% on an annualized basis producing an average annual return of 9.35%. Currently, Kirby has a market capitalization of $6.97 billion. 
Buying $100 In KEX: If an investor had bought $100 of KEX stock 20 years ago, it would be worth $603.79 today based on a price of $119.55 for KEX at the time of writing.
<h3>Kirby's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1719349322_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Kirby 20 Years Ago Would Be Worth This Much Today

During the last three months, 5 analysts shared their evaluations of Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Kirby, presenting an average target of $125.8, a high estimate of $138.00, and a low estimate of $115.00. Marking an increase of 8.92%, the current average surpasses the previous average price target of $115.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1718654451_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Kirby among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$138.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$132.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Scott Group</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$126.00</td>
<td>-</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$118.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Greg Lewis</td>
<td>BTIG</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Kirby. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Kirby compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Kirby's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Kirby's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/KEX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kirby analyst ratings.</a>
<h2>Unveiling the Story Behind Kirby</h2>
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.
<h3>Financial Milestones: Kirby's Journey</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Kirby's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 7.67%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 8.67%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Kirby's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.19%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.22%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.05, Kirby adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Kirby

Canadian National&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cni#NYSE">CNI</a>) efforts to reward its shareholders through dividends and buybacks despite the ongoing economic uncertainty are commendable. However, the freight market downturn is severely impacting the company&#39;s performance.
<h3>Factors Favoring CNI</h3>
Canadian National increased its quarterly dividend by 7% in January. This is the 28th consecutive year when the company announced a dividend hike.
CNI paid quarterly dividends of $0.85 per share, amounting to $540 million in the first quarter of 2024. As of Mar 31, 2024, the company repurchased 3.5 million common shares for $597 million under its current Normal Course Issuer Bid (&quot;NCIB&quot;). Canadian National may repurchase up to 32.0 million common shares between Feb 1, 2024 and Jan 31, 2025 under its current NCIB.
The stock prices of railroad operators tend to be stable, making CNI shares appealing to investors who prefer to avoid significant day-to-day volatility. With a beta of 0.90, CNI is less volatile than the overall market.
Long-haul shipments of refined petroleum products and natural gas liquids drove a 4% year-over-year increase in Petroleum and chemicals freight revenues.Revenues from the Metals and minerals, Grain and fertilizers and Automotive segments were in line with the 2023 figures.
<h3>Key Risks</h3>
Supply-chain disruptions, network fluidity challenges and a weak intermodal scenario are hurting Canadian National&#39;s performance. As a result, the Intermodal segment&#39;s revenues declined 5% year over year in the first quarter of 2024.
CNI is grappling with a freight market downturn due to excess capacity exceeding freight volumes. As a result, freight revenues (C$4.14 billion), which accounted for 97.6% of the top line, decreased by 2% year over year in the first quarter of 2024. Revenues in the Forest Products, Coal and Intermodal segments fell 3%, 16% and 5%, respectively.
Operating expenses for the first quarter of 2024 were $2.7 billion compared to $2.6 billion for the same period in 2023. The increase of $52 million, or 2%, was mainly due to higher labor and fringe benefits expenses, driven by general wage increases and a higher average headcount, partly offset by lower fuel prices.
At the end of the first quarter of 2024, CNI&#39;s&nbsp;current ratio&nbsp;(a measure of liquidity) was pegged at 0.60. A current ratio of less than 1 is not desirable as it indicates that the company may have problems meeting its short-term obligations.
A glimpse at Canadian National&#39;s price trend reveals that its shares have risen 2.4% in the past year compared with its industry&#39;s&nbsp; 2.6% appreciation.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ab/68947.jpg?v=565414160" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
CNI currently carries a Zacks Rank #3 (Hold).
<h3>Stocks to Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include SkyWest (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) and Kirby Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
SkyWest has an expected earnings growth rate of 787% for the current year.
SKYW has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 128%. Shares of SkyWest have jumped 98.4% in the past year.
KEX has an expected earnings growth rate of 42.2% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 10.3%. Shares of Kirby have climbed 55.7% in the past year.
<a href="https://www.zacks.com/stock/news/2288959/here-s-why-you-should-retain-canadian-national-cni-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2288959">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain Canadian National Stock

B of A Securities analyst Ken Hoexter maintains Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Buy and raises the price target from $131 to $138.

B of A Securities Maintains Buy on Kirby, Raises Price Target to $138

Alaska Air Group&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) robust air travel demand is boosting its top line. Shareholder-friendly actions and fleet upgrade efforts are praiseworthy. However, high operating costs are hindering the company&#39;s bottom line.
<h3>Factors Favoring ALK</h3>
Buoyed by strong air travel demand, Alaska Air issued optimistic earnings per share guidance for the second quarter of 2024 between $2.20 and $2.40 and for the full-year 2024 between $3.25 and $5.25. ALK is boosting capacity and expects available seat miles (a measure of capacity) to increase in the range of 5-7% in the second quarter of 2024 to meet the upbeat demand. Our estimate hints at an increase of 5.5%.
The company implemented an enhanced quality oversight program to validate aircraft work and quality during production. ALK&#39;s shareholder-friendly actions bode well. Resuming share buybacks last year, ALK repurchased shares worth $21 million in the first quarter of 2024.
A glimpse at the company&#39;s price trend reveals that its shares have risen 5% year to date, surpassing the&nbsp;industry&#39;s decline of 4.6%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3b/68865.jpg?v=1757589887" /> 
Image Source: Zacks Investment Research
<h3>Key Risks</h3>
Rising fuel costs are hindering ALK&#39;s bottom line. This trend is primarily due to the ongoing production cuts adopted by major oil-producing nations and geopolitical tensions. In the first quarter of 2024, oil prices increased 16%. Expectations for the second quarter of 2024 place fuel prices between $3.00 and $3.20 per gallon. Our estimate is currently pegged at $3.08 per gallon.
The northward movement in expenses on labor is also hurting ALK&#39;s bottom line by pushing up operating costs.Total non-fuel operating expenses, excluding special items, increased 9% to $1.8 billion in the first quarter of 2024. Wages and benefits rose by $0.08 billion, or 11%, in the first quarter of 2024.
<h3>Zacks Risk</h3>
ALK currently carries a Zacks Rank #3 (Hold).
<h3>Stocks to Consider</h3>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include SkyWest (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) and Kirby Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
SkyWest has an expected earnings growth rate of 787% for the current year.
SKYW has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 128%. Shares of SkyWest have jumped 102.2% in the past year.
KEX has an expected earnings growth rate of 42.2% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 10.3%. Shares of Kirby have climbed 59.9% in the past year.
<a href="https://www.zacks.com/stock/news/2288371/here-s-why-you-should-retain-alaska-air-alk-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2288371">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain Alaska Air Stock Now

Delta Air Lines&#39; (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) top line is bolstered by robust air travel demand. Shareholder-friendly actions and fleet upgrade efforts are commendable. However, DAL is grappling with elevated fuel costs and labor costs.
<h3>Factors Favoring DAL</h3>
Strong domestic air travel demand is boosting DAL&#39;s top line. This positive trend is reflected in DAL&#39;s share price, which has seen significant gains so far in 2024. Capitalizing on this buoyant market, Delta Air Lines&#39; management is projecting a 5-7% year-over-year increase in adjusted total revenues for the second quarter of 2024.
Delta Air Lines ended the first quarter of 2024 with cash and cash equivalents of $4.46 billion, much higher than the current debt level of $2.81 billion. This implies that the company has sufficient cash to meet its current debt obligations and reflects a robust financial position.
DAL&#39;s management resumed quarterly dividends last year after a COVID-19-induced pause, which highlights its shareholder-friendly stance. The most recent quarterly payout was in June 2024, when DAL paid a dividend worth 10 cents per share, indicating progress on its three-year financial plan, including more than $10 billion in debt repayment.
Delta Air Lines&#39; commendable fleet modernization efforts include a deal with Airbus for 20 A350-1000 jets, with deliveries beginning in 2026, along with options for an additional 20 aircraft. Additionally, the agreement with Rolls Royce encompasses servicing for its Trent XWB-97 engines.
Shares of DAL have risen 22.5% year to date compared with its industry&#39;s growth of 14.2%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/02/68646.jpg?v=1930164032" /> 
Image Source: Zacks Investment Research
<h3>Key Risks</h3>
Rising fuel costs are hindering DAL&#39;s bottom line. This trend is primarily due to the ongoing production cuts adopted by major oil-producing nations and geopolitical tensions. In the first quarter of 2024, oil prices increased 16%. Expectations for the second quarter of 2024 place fuel prices between $2.70 and $2.90 per gallon. Our estimate is currently pegged at $2.85 per gallon.
In the first quarter of 2024, Delta Air Lines saw a 1.5% year-over-year rise in non-fuel unit costs. Salaries and related expenses jumped 12% to $3.79 billion due to a new pilot contract ratified in March 2023. For the June quarter, DAL expects non-fuel unit costs to increase 2% from second-quarter 2023 levels.
<h3>Zacks Rank</h3>
DAL is currently carrying a Zacks Rank #3 (Hold).
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the Zacks&nbsp;Transportation&nbsp;sector are&nbsp;Wabtec Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wab#NYSE">WAB</a>) and Kirby Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>).
Wabtec currently sports a Zacks Rank #1 (Strong Buy) and has an expected earnings growth rate of 22.6% for the current year.
WAB has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 11.5%. Shares of Wabtec have soared 59.4% in the past year.
KEX currently sports a Zacks Rank #1 and has an expected earnings growth rate of 42.2% for the current year.
The company has an encouraging track record with respect to earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 10.3%. Shares of Kirby have jumped 57.8% in the past year.
<a href="https://www.zacks.com/stock/news/2287327/here-s-why-you-should-retain-delta-air-lines-dal-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2287327">To read this article on Zacks.com click here.</a>

Here's Why You Should Retain Delta Air Lines Stock Now

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Kirby (KEX) Forecast

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