Kirby Corporation Announces 2015 Fourth Quarter And Full Year Results

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RBC Capital Downgrades Kirby Corporation (KEX) to Sector Perform

January 28, 2016 8:21 AM EST

RBC Capital downgraded Kirby Corporation (NYSE: KEX) from Outperform to Sector Perform.

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 $50.85 yesterday.

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Kirby Corporation (KEX) Misses Q4 EPS by 3c, Guides Q1 & FY16 EPS Below Consensus

January 27, 2016 5:08 PM EST

Kirby Corporation (NYSE: KEX) reported Q4 EPS of $0.94, $0.03 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $484.1 million versus the consensus estimate of $517.25 million.

GUIDANCE:

Kirby Corporation sees Q1 2016 EPS of $0.75-$0.85, versus the consensus of $0.96.

Kirby Corporation sees FY2016 EPS of $3.00-$3.50, versus the consensus of $4.12.

Our guidance range reflects our limited visibility given today's environment of weakening global growth and volatile commodity prices. In our inland marine transportation market, our first quarter and full year 2016 guidance reflects the full year... More