Kansas City Southern (KSU) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Kansas City Southern (NYSE:KSU) posted its quarterly earnings results on Friday. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.04, American Banking News.com reports. The company had revenue of $650.00 million for the quarter, compared to the consensus estimate of $645.05 million.
Shares of Kansas City Southern (NYSE:KSU) opened at 113.26 on Friday. Kansas City Southern has a 1-year low of $88.56 and a 1-year high of $125.96. The stock has a 50-day moving average of $107.8 and a 200-day moving average of $104.1. The company has a market cap of $12.495 billion and a P/E ratio of 36.72.
A number of analysts have recently weighed in on KSU shares. Analysts at Zacks reiterated a “neutral” rating on shares of Kansas City Southern in a research note on Wednesday, July 9th. They now have a $115.00 price target on the stock. On the ratings front, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Kansas City Southern in a research note on Wednesday, July 9th. They now have a $125.00 price target on the stock, up previously from $115.00. Finally, analysts at Barclays raised their price target on shares of Kansas City Southern from $109.00 to $110.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $110.73.
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.
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