KEX - Kirby: Barging Market Leader Poised For Higher Earnings And Share Prices

2024-02-05 11:23:41 ET

Summary

• Kirby Corporation is the largest inland and offshore tank barge operator in the United States.
• The company has experienced strong growth in its earnings and is expected to continue growing in the future.
• Kirby has competitive advantages due to its size and exclusive distribution deals, and analysts expect big gains in the company's earnings and share price.

Thesis

Kirby Corporation ( KEX ) has been on a roll in recent quarters, growing its earnings rapidly. That trend is expected to hold through this year and next, making above-average capital gains a strong possibility.

About Kirby

The company states on its website that it is the largest inland and offshore tank barge operator in the United States. Its fleet comprises towboats and inland tank barges that transport bulk liquid products, including petrochemicals, black oil, refined products, and agricultural chemicals. It serves customers on the Mississippi River, its tributaries, and the Gulf Intracoastal Waterway....

For further details see: