Jefferies Lifts Numbers on Kirby Corp (KEX) Post Q1
Jefferies raised estimates and its price target on Kirby Corporation (NYSE: KEX) following Q1 EPS of $0.95, ex-items, versus the consensus of $0.91 on stronger than expected utilization and pricing in the Company's coastal offshore business where utilization levels hit 90% during the quarter.
The firm raised Q2 EPS from $1.00 to $1.10, FY 2013 EPS estimates from $4.20 to $4.30 and FY 2014 EPS from $4.60 to $4.75.
The price target moves up from $87 to $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 $75.15 yesterday, with a 52 week range of $42.78-$78.04.
The firm raised Q2 EPS from $1.00 to $1.10, FY 2013 EPS estimates from $4.20 to $4.30 and FY 2014 EPS from $4.60 to $4.75.
The price target moves up from $87 to $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 $75.15 yesterday, with a 52 week range of $42.78-$78.04.