$613.09 Million in Sales Expected for Kansas City Southern (KSU) This Quarter
Equities analysts expect Kansas City Southern (NYSE:KSU) to report sales of $613.09 million for the current quarter, Zacks reports. Six analysts have issued estimates for Kansas City Southern’s earnings, with the highest sales estimate coming in at $624 million and the lowest estimate coming in at $603.3 million. Kansas City Southern reported sales of $568.5 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The company is scheduled to announce its next earnings results on Tuesday, July 18th.
On average, analysts expect that Kansas City Southern will report full-year sales of $613.09 million for the current financial year, with estimates ranging from $2.5 billion to $2.54 billion. For the next year, analysts expect that the company will report sales of $2.65 billion per share, with estimates ranging from $2.58 billion to $2.7 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Kansas City Southern.
Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, April 21st. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.01. The company had revenue of $609.50 million for the quarter, compared to analysts’ expectations of $600.66 million. Kansas City Southern had a net margin of 20.48% and a return on equity of 11.14%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS.
Several equities analysts recently issued reports on KSU shares. Loop Capital reiterated a “buy” rating and set a $86.00 price target on shares of Kansas City Southern in a research report on Wednesday, February 22nd. Credit Suisse Group AG reiterated a “neutral” rating and set a $86.00 price target (up previously from $84.00) on shares of Kansas City Southern in a research report on Monday, March 6th. Wells Fargo & Co started coverage on shares of Kansas City Southern in a research report on Monday, March 13th. They set a “market perform” rating on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $88.00 price target on shares of Kansas City Southern in a research report on Monday, March 20th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $114.00 price target on shares of Kansas City Southern in a research report on Tuesday, April 11th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $98.38.
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Kansas City Southern (NYSE:KSU) opened at 95.95 on Friday. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $100.69. The stock’s 50 day moving average is $90.10 and its 200-day moving average is $86.97. The company has a market cap of $10.18 billion, a PE ratio of 19.91 and a beta of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Monday, June 12th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $1.32 annualized dividend and a dividend yield of 1.38%. Kansas City Southern’s dividend payout ratio is presently 29.80%.
In other news, Director Robert J. Druten sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtus Investment Advisers Inc. purchased a new position in shares of Kansas City Southern during the third quarter valued at about $108,000. UBS Group AG increased its position in shares of Kansas City Southern by 9.0% in the third quarter. UBS Group AG now owns 80,457 shares of the transportation company’s stock valued at $7,508,000 after buying an additional 6,616 shares in the last quarter. Edmond de Rothschild Europe purchased a new position in shares of Kansas City Southern during the third quarter valued at about $3,279,000. Advantus Capital Management Inc increased its position in shares of Kansas City Southern by 1.0% in the third quarter. Advantus Capital Management Inc now owns 10,613 shares of the transportation company’s stock valued at $990,000 after buying an additional 104 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kansas City Southern by 118.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,598 shares of the transportation company’s stock valued at $1,922,000 after buying an additional 11,177 shares in the last quarter. Hedge funds and other institutional investors own 90.48% of the company’s stock.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a holding company. The Company has 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’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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