
Kirby (KEX) Stock Forecast & Price Target
Kirby (KEX) Analyst Ratings
Bulls say
Kirby Corp is poised for a positive financial trajectory, with expectations for increasing revenues and margins in its Distribution and Services (D&S) segment as the company heads into 2024. Coastal margins in the Marine Transportation segment are forecasted to improve significantly, reaching high teens percentages, with projections suggesting they could average between 18% and 19% by 2026, a notable increase from previous peaks. Additionally, the company anticipates generating over $350 million in free cash flow, providing solid support for continued share buyback activities and reinforcing Kirby's strong positioning in the recovering inland tank barge sector.
Bears say
Kirby Corp's projected earnings per share (EPS) for 2026 has been lowered to $6.50, which is 10% below consensus and reflects expectations of flat earnings before interest and taxes (EBIT) in the inland segment and only marginal growth in coastal operations. The company is also facing a decline in inland revenue utilization, with expectations of a 2% drop in revenues for the latter half of 2025 compared to the first half, primarily due to reduced petrochemical volumes and a return to a normalized maintenance cycle for its fleet. Furthermore, the trend of inland barge utilization remaining in the mid-80% range indicates ongoing pricing pressure, which could hinder overall revenue growth and profitability.
This aggregate rating is based on analysts' research of Kirby and is not a guaranteed prediction by Public.com or investment advice.
Kirby (KEX) Analyst Forecast & Price Prediction
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