Credit Agricole SA Research Analysts Reduce Earnings Estimates for Kansas City Southern (KSU)
Kansas City Southern (NYSE:KSU) – Credit Agricole SA cut their Q3 2016 EPS estimates for shares of Kansas City Southern in a report released on Monday. Credit Agricole SA analyst D. Lipschitz now anticipates that the firm will post earnings per share of $1.23 for the quarter, down from their previous forecast of $1.26. Credit Agricole SA also issued estimates for Kansas City Southern’s FY2016 earnings at $4.48 EPS.
A number of other brokerages also recently weighed in on KSU. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $107.00 target price (up from $103.00) on shares of Kansas City Southern in a research note on Friday, July 22nd. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $101.00 target price (up from $99.00) on shares of Kansas City Southern in a research note on Friday, July 22nd. RBC Capital Markets reiterated an “outperform” rating and set a $114.00 price target (up previously from $109.00) on shares of Kansas City Southern in a research report on Wednesday, July 20th. Royal Bank Of Canada lifted their price target on shares of Kansas City Southern from $109.00 to $114.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 20th. Finally, Barclays PLC lifted their price target on shares of Kansas City Southern from $73.00 to $79.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kansas City Southern presently has an average rating of “Hold” and an average price target of $100.92.
Kansas City Southern (NYSE:KSU) traded down 0.43% during midday trading on Thursday, reaching $93.20. 451,817 shares of the company’s stock were exchanged. The stock has a market cap of $10.06 billion, a P/E ratio of 20.28 and a beta of 1.14. The firm’s 50-day moving average is $93.78 and its 200 day moving average is $92.67. Kansas City Southern has a 1-year low of $62.20 and a 1-year high of $100.69.
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Kansas City Southern (NYSE:KSU) last released its earnings results on Tuesday, July 19th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.14. Kansas City Southern had a net margin of 21.13% and a return on equity of 12.00%. The company earned $569 million during the quarter, compared to the consensus estimate of $572.20 million.
A number of hedge funds have recently bought and sold shares of KSU. Investment House LLC boosted its position in shares of Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock valued at $232,000 after buying an additional 22 shares during the period. Capstone Asset Management Co. boosted its stake in Kansas City Southern by 0.4% in the second quarter. Capstone Asset Management Co. now owns 7,827 shares of the company’s stock worth $705,000 after buying an additional 30 shares during the last quarter. Washington Trust Bank boosted its stake in Kansas City Southern by 3.2% in the third quarter. Washington Trust Bank now owns 1,651 shares of the company’s stock worth $154,000 after buying an additional 51 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Kansas City Southern by 2.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 3,257 shares of the company’s stock worth $293,000 after buying an additional 63 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Kansas City Southern by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,316 shares of the company’s stock worth $1,110,000 after buying an additional 83 shares during the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.
In related news, SVP William J. Wochner sold 26,521 shares of Kansas City Southern stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $98.32, for a total value of $2,607,544.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick J. Ottensmeyer sold 5,000 shares of Kansas City Southern stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $95.62, for a total transaction of $478,100.00. Following the completion of the sale, the chief executive officer now directly owns 90,228 shares of the company’s stock, valued at approximately $8,627,601.36. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Monday, September 12th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, September 8th. Kansas City Southern’s dividend payout ratio (DPR) is 28.82%.
About Kansas City Southern
Kansas City Southern (KCS) is a transportation holding company with domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri and several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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