Kansas City Southern Plans Quarterly Dividend of $0.28 (KSU)
Kansas City Southern (NYSE:KSU) announced a quarterly dividend on Monday, January 27th, AmericanBankingNews.com reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.28 per share on Wednesday, April 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.13%.
KSU has been the subject of a number of recent research reports. Analysts at Wolfe Research upgraded shares of Kansas City Southern to a “market perform” rating in a research note to investors on Monday. On a related note, analysts at Buckingham Research upgraded shares of Kansas City Southern from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $101.00 price target on the stock, down previously from $105.00. Finally, analysts at FBR Capital Markets cut their price target on shares of Kansas City Southern from $115.00 to $106.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $114.67.
Shares of Kansas City Southern (NYSE:KSU) traded down 0.20% during mid-day trading on Monday, hitting $99.29. The stock had a trading volume of 2,629,733 shares. Kansas City Southern has a 1-year low of $91.89 and a 1-year high of $125.96. The stock’s 50-day moving average is $118.3 and its 200-day moving average is $115.. The company has a market cap of $10.943 billion and a price-to-earnings ratio of 33.32.
Kansas City Southern (NYSE:KSU) last released its earnings data on Friday, January 24th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.10 by $0.07. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $617.76 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that Kansas City Southern will post $4.06 earnings per share for the current fiscal year.
Kansas City Southern (NYSE:KSU) is a transportation holding company with domestic and international rail operations in North America that are strategically focused on the growing north/south freight corridor connecting key commercial and industrial markets in the central United States with industrial cities in Mexico.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.