Jefferies Cuts Numbers on Kirby (KEX) After Warning
Tweet Send to a FriendGet Alerts KEX Hot Sheet
Price: $81.55 -0.42%
Rating Summary:
11 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Rating Summary:
11 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 36 | New: 12
Trade KEX Now!
Jefferies cuts its price target and estimates on Kirby Corporation (NYSE: KEX) after the comapny lowered its 2012 EPS guidance by $0.35-$0.40 to $3.45-$3.70.
"After digging into the details, we estimate approximately one-half of the reduction is due to either one-off charges or events that transpired in 1Q or 2Q," the analyst said.
The price target moves from $77 to $70.
Q2 EPS goes from $1.00 to $0.83, FY12 EPS goes from $4.00 to $3.55 and FY13 goes from $4.40 to $3.90.
For an analyst ratings summary and ratings history on Kirby Corporation click here. For more ratings news on Kirby Corporation click here.
Shares of Kirby Corporation closed at $51.10 yesterday, with a 52 week range of $47.23-$70.61.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"After digging into the details, we estimate approximately one-half of the reduction is due to either one-off charges or events that transpired in 1Q or 2Q," the analyst said.
The price target moves from $77 to $70.
Q2 EPS goes from $1.00 to $0.83, FY12 EPS goes from $4.00 to $3.55 and FY13 goes from $4.40 to $3.90.
For an analyst ratings summary and ratings history on Kirby Corporation click here. For more ratings news on Kirby Corporation click here.
Shares of Kirby Corporation closed at $51.10 yesterday, with a 52 week range of $47.23-$70.61.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
- Needham & Company Lifts Numbers on 3D Systems (DDD) on Offering, RDPG Deal
- UPDATE: BTIG Starts ING U.S (VOYA) at Buy, Shares 'Significantly Undervalued'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Jefferies & Co
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
